05/19/2026 | Press release | Distributed by Public on 05/19/2026 08:33
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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 | ||||||||
| Stock Option | $12 | (4) | 02/21/2032 | Common Stock | 21,667 | 21,667 | D | ||||||||
| Restricted Stock Unit | (2) | (5) | (3) | Common Stock | 5,897 | 5,897 | D | ||||||||
| Stock Option | $3.05 | (6) | 11/17/2035 | Common Stock | 25,000 | 25,000 | D | ||||||||
| Stock Option | $6 | 05/15/2026 | A | 20,000 | (7) | 05/15/2036 | Common Stock | 20,000 | $ 0 | 20,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Chong Kellie Hyon-Ok 6021 BECKENHAM WAY OAK RIDGE, NC 27310 |
Chief Business Officer | |||
| /s/ Iain MacSween, Attorney-in-Fact | 05/19/2026 | |
| **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) | Represents the Reporting Person's proportionate pecuniary interest in the 24,016 shares of common stock held directly by Ninth Technology, LLC ("Ninth Technology"). The Reporting Person is a member and manager of Ninth Technology. The Reporting Person disclaims beneficial ownership of the shares held by Ninth Technology except to the extent of her proportionate pecuniary interest therein. |
| (2) | Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit. |
| (3) | No expiration date. |
| (4) | The shares subject to the option are fully vested and exercisable. |
| (5) | The restricted stock units vest on 1/1/2027, subject to the Reporting Person's continued service through the applicable vesting date. |
| (6) | The options vest as follows: (i) 6,250 options on 5/21/2026; (ii) 520 options on 6/21/26, and monthly thereafter through 4/21/2029; and (iii) 550 options on 5/21/2029, in each case subject to the Reporting Person's continued service through the applicable vesting date. |
| (7) | The options vest as follows: (i) 5,000 options on 5/15/2027; and (ii) 1,250 options on 8/15/2027, and quarterly thereafter through 5/15/2030, in each case subject to the Reporting Person's continued service through the applicable vesting date. |