May 22, 2026 · Form 4 insider transaction
Forrest Reynolds T. sold 61 shares of Ascent Solar Technologies, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 4 days after the transaction.
On October 17, 2024, the Reporting Person entered into a securities purchase agreement to purchase up to 965 shares of the Company's newly issued Series 1C convertible preferred stock at a purchase price of $1,000 per Series 1C preferred share. The parties only closed on the purchase of 150 Series 1C preferred shares. The stated value and accrued dividends on Series 1C preferred shares is convertible into common stock beginning on 4/18/2025 at a conversion price of $2.50 per common share.; On 5/22/2026, the Reporting Person converted 61 shares of Series 1C preferred stock (including accrued dividends thereon) into an aggregate 28,343 shares of common stock.; The Series 1C preferred stock is perpetual and therefore has no expiration date.; Each Series 1C share has a Stated Value of $1,000. The Stated Value (and accrued dividends thereon) are convertible into shares of common stock based at the conversion price of $2.50 per common share.