APPLIED OPTOELECTRONICS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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Sep 30, 2024 · Filed Nov 7, 2024
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Item 5. Other Information
(a)
On* November 6, 2024,the Company provided notice of its termination, effective on such date, of the Equity Distribution Agreement dated March 13, 2024between the Company and Raymond James & Associates in connection with the Company’s At-The-Market equity offering program (the “ATM program”). As previously reported, the Company could offer and sell shares of its common stock having an aggregate proceeds of up to$60* million through Raymond James & Associates as sales agent. As of the termination date, the ATM program had generated total gross proceeds of*$59.9* million.
(b)None
(c)Rule10b5-1 Trading Plans**
The adoption or termination of contracts, instructions or written plans for the purchase or sale of our securities by our Section16 officers and directors for thethree months ended* September 30, 2024,each of which is intended to satisfy the affirmative defense conditions of Rule10b5*-1(c) under the Exchange Act ("Rule10b5-1 Plan"), were as follows:
| Name | Title | Action | Date Adopted | Expiration Date | Aggregate # of Securities to be Purchased/Sold |
|---|---|---|---|---|---|
| Richard B. Black(1) | Director | Adopt | 8/13/2024 | 1/31/2025 | 30,000 |
| Stefan Murry(2) | Chief Financial Officer | Adopt | 9/18/2024 | 8/1/2025 | 48,000 |
| 1. | Richard B. Black, our Director, entered into a Rule 10b5-1 Plan on August 13, 2024. Mr. Black's plan provides for the potential sale of up to 30,000 shares of the Company's common stock. The plan expires on January 31, 2025, or upon the earlier completion of all authorized transactions under the plan. |
| 2. | Stefan Murry, our Chief Financial Officer, entered into a Rule 10b5-1 Plan on September 18, 2024. Dr. Murry's plan provides for the potential sale of up to 48,000 shares of the Company's common stock. The plan expires on August 1, 2025, or upon the earlier completion of all authorized transactions under the plan. |
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