February 3, 2025 · Form 4 insider transaction
Camden Andrew Ross bought 100,000 shares of UMAC at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
The shares of restricted common stock vest in equal quarterly increments of 25,000 shares over a one year period, with the first two quarters vesting on May 19, 2025. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved by the Compensation Committee of the Board of Directors of the Issuer, which is comprised of three non-employee directors in accordance with Rule 16b-3(d). The shares of restricted common stock were granted under the Issuer's 2022 Equity Incentive Plan, as amended.