Director Forrest Reynolds Converts Preferred Stock to Common Shares in Ascent Solar Technologies

Director Forrest Reynolds T. filed a Form 4 disclosing the conversion of 61 shares of Series 1C Convertible Preferred Stock into 28,343 shares of common stock of Ascent Solar Technologies, Inc. (ASTI) on May 22, 2026. The conversion was executed at the predetermined price of $2.50 per common share, resulting in Reynolds acquiring the common shares at no additional cash cost. Following this transaction, Reynolds now holds 28,655 shares of common stock directly. The Series 1C preferred shares were originally purchased in October 2024 at $1,000 per share and became convertible starting April 18, 2025. This filing represents a routine conversion of convertible securities by a company director, reflecting the exercise of pre-existing conversion rights rather than new market purchases.