December 22, 2025 · Form 4 insider transaction
Christ Robert Douglas bought 671,551 shares of Nauticus Robotics, Inc. at $8.19 per share, a transaction worth $5.50M. The trade was recorded as j and disclosed on an SEC Form 4, filed 88 days after the transaction.
As previously reported by the Issuer in a Form 8-K filed on March 5, 2025, the Issuer entered into an Asset Purchase Agreement (as amended, the "APA"), with SeaTrepid International LLC and other sellers on March 5, 2025, providing, among other things, for the issuance of Earn-Out Shares (as defined in the APA) to SeaTrepid International LLC, upon the satisfaction of certain conditions. The number of Earn-Out Shares issuable was determined on December 22, 2025, pursuant to a formula set forth in the APA, which provides, for the purpose of determining the number of Earn-Out Shares issuable, the Earn-Out Shares would be valued at $8.19 per share, which was the Minimum Price as defined under Nasdaq Rule 5635(d), determined as of the date of the execution of the APA. The acquired shares represent the Earn-Out Shares issued pursuant to the APA. The reporting person's right to receive additional shares became fixed and irrevocable on March 20, 2025, the closing date of the APA.; Mr. Christ is the President of SeaTrepid International LLC ("SeaTrepid") and may be deemed to share voting and investment power with respect to the securities held by SeaTrepid. Mr. Christ disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.