05/22/2026 | Press release | Distributed by Public on 05/22/2026 14:31
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Lee Michael Steven C/O THE ELMET GROUP CO. 2 PORTLAND FISH PIER, SUITE 214 PORTLAND, ME 04101 |
Chief Financial Officer | |||
| /s/ Michael Steven Lee | 05/22/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Comprised of restricted stock units ("RSU"), each of which represents the right to receive one share of Common Stock upon vesting. |
| (2) | The 33,750 RSUs acquired by the Reporting Person vest, subject to the Reporting Person's continued service with The Elmet Group Co., as follows: 33,750 RSUs will vest annually in approximately four equal tranches beginning on April 23, 2027. |
| (3) | Comprised of 73,500 shares of Common Stock, 24,500 shares of unvested restricted Common Stock that will vest on September 1, 2026, 24,500 shares of unvested restricted Common Stock that will vest on September 1, 2027, and 33,750 unvested RSUs. The unvested RSUs will vest as follows: 8,437 RSUs will vest on April 23, 2027, 8,437 RSUs will vest on April 23, 2028, 8,437 RSUs will vest on April 23, 2029 and 8,439 RSUs will vest on April 23, 2030. |