09/10/2025 | Press release | Distributed by Public on 09/10/2025 14:23
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | (1) | 07/18/2033 | Common Stock | 16,399 | $20 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 07/14/2030 | Common Stock | 1,999 | $21.38 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 07/14/2030 | Common Stock | 7,500 | $23.52 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 07/12/2032 | Common Stock | 3,544 | $27.75 | D | |
Restricted Stock Units | 07/22/2028(3) | (3) | Common Stock | 10,477 | (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Veltman Kevin J. 855 EAST MAIN AVENUE P.O. BOX 302 ZEELAND, MI 49464 |
Interim CFO |
By: Jacqueline H. Rice For: Kevin J. Veltman | 09/10/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | Currently 10,933 options are fully exercisable, with the remaining and final third tranche of 5,466 options vesting on July 18, 2026 |
(2) | Currently exercisable. |
(3) | 1,172 RSUs represent the third and final tranche of his July 2023 RSU grant award. These units will vest on August 1, 2026. The original grant scheduled to vest 25%, 25%, 50%. 1,490 RSUs represent the second and third tranche of the July 2024 RSU grant award. These tranches will vest ratably each year on July 22. The original grant scheduled to vest in three equal installments over three years. 7,815 RSUs represent the three tranches from the July 2025 RSU grant award. These tranches will vest ratably each year on July 22. The original grant is scheduled to vest in three equal installments over three years. |
(4) | Each restricted stock unit represents a contingent right to receive one share of MLKN common stock. |