Amlani Ajay K bought AWRE
March 13, 2025 · Form 4 insider transaction
Amlani Ajay K bought 166,229 shares of Aware, Inc. 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 4 days after the transaction.
Footnotes
Pursuant to an amendment of his employment agreement, Mr. Amlani and Aware agreed that Mr. Amlani's base salary for the period from March 16, 2025 through December 31, 2025 will be paid 20% in cash and 80% in restricted stock units of the Company. Accordingly, on March 13, 2025, Aware granted Mr. Amlani an award of restricted stock units with a fair value of $253,333 and representing the right to receive 166,229 shares of common stock of Aware. The value of such restricted stock units was based on the average closing price of Aware's common stock as reported by Nasdaq on the five consecutive trading days ending on the date such restricted stock units were granted. Such restricted stock units will vest in nine equal monthly installments on the 16th day of each month with the first vesting to occur on April 16, 2025 and with the final vesting to occur on December 16, 2025.