February 28, 2025 · Form 4 insider transaction
Vargas Matthew sold 1,880 shares of EMCORE Corporation, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 0 days after the transaction.
Pursuant to the Merger Agreement, at the Effective Time, the performance-based restricted stock units ("PSUs") were deemed to have satisfied certain specified performance vesting conditions at 100% of target, with any time-based vesting conditions waived, and were canceled in consideration for the right to receive a lump sum cash payment (less any applicable tax withholdings) equal to the product obtained by multiplying (1) the amount of the Merger Consideration by (2) the total number of shares of common stock represented by such PSUs.