0001437749-23-034458.txt : 20231214 0001437749-23-034458.hdr.sgml : 20231214 20231214170626 ACCESSION NUMBER: 0001437749-23-034458 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231212 FILED AS OF DATE: 20231214 DATE AS OF CHANGE: 20231214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Taecker Benjamin S. CENTRAL INDEX KEY: 0001879186 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37515 FILM NUMBER: 231487845 MAIL ADDRESS: STREET 1: C/O AQUA METALS STREET 2: 2500 PERU DR. CITY: MCCARRAN STATE: NV ZIP: 89437 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Aqua Metals, Inc. CENTRAL INDEX KEY: 0001621832 STANDARD INDUSTRIAL CLASSIFICATION: SECONDARY SMELTING & REFINING OF NONFERROUS METALS [3341] IRS NUMBER: 471169572 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2500 PERU DR. CITY: MCCARRAN STATE: NV ZIP: 89437 BUSINESS PHONE: (775) 525-1936 MAIL ADDRESS: STREET 1: 2500 PERU DR. CITY: MCCARRAN STATE: NV ZIP: 89437 4 1 rdgdoc.xml FORM 4 X0508 4 2023-12-12 0001621832 Aqua Metals, Inc. AQMS 0001879186 Taecker Benjamin S. 5370 KIETZKE LN SUITE 201 RENO NV 89511 1 Chief Eng and Opr Officer 0 Common Stock 2023-12-12 4 A 0 379167 0 A 1011881 D Common Stock 2023-12-12 4 A 0 200000 0 A 1211881 D Common Stock 2023-12-12 4 A 0 2431 0 A 1214312 D Represents 379,167 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2023 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer. Represents 200,000 shares underlying RSUs that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's achieving at least $8 million of revenue in fiscal 2024, with at least $5 million of production related revenue, as follows: 100,000 RSUs will vest and settle if the Company achieves at least $8 million of revenue in 2024; 200,000 RSUs will vest and settle if the Company achieves at least $10 million of revenue in 2024; and 300,000 RSUs will vest and settle if the Company achieves at least $15 million of revenue in 2024.. The RSUs have been granted under the 2019 Stock and will expire, if not vested and settled, upon the completion of the audit of the Company's financial statements for the year ended December 31, 2024. Represents 2,431 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's common stock achieving absolute price hurdles based on a 5-day VWAP at any time over the three years from the date of grant, as follows: 1,425 RSUs will vest and settle upon achieving $2.50 per share; 713 RSUs will vest and settle upon achieving $4.00 per share; and 713 RSUs will vest and settle upon achieving $5,00 per share. The RSUs have been granted under the Company's 2019 Stock Incentive Plan ("2019 Plan") and will expire on the third anniversary of the date of grant. Includes 795,448 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. Includes 995,448 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. Includes 997,879 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. /s/ Judd Merrill, by power of attorney 2023-12-14