Ricardo C. Rodriguez Form 3 ASPEN AEROGELS / RICARDO C. RODRIGUEZ ownership change

SEC Form 3

FORM 3

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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1. Name and Address of Reporting Person^*

RODRIGUEZ RICARDO C.

(Last) (First) (Middle)

30 FORBES ROAD

BUILDING B

(Street)

NORTHBOROUGH MA 01532

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2022

3. Issuer Name and Ticker or Trading Symbol
ASPEN AEROGELS INC [ ASPN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, CFO & Treasurer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,653(1)	D
Common Stock	1,136(2)	D
Common Stock	2,615(3)	D
Common Stock	1,482(4)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right-to-Buy)	(5)	11/15/2031	Common Stock	6,036	60.48	D
Stock Option (Right-to-Buy)	(6)	02/23/2032	Common Stock	13,693	26.29	D
Stock Option (Right-to-Buy)	(7)	02/25/2032	Common Stock	7,762	29.51	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock upon vesting. These RSUs vest November 15, 2022.

2. These RSUs vest as to one-third of the RSUs on November 15, 2022, an additional one-third of the RSUs on November 15, 2023 and the remaining one-third of the RSUs on November 15, 2024.

3. These RSUs vest as to one-third of the RSUs on February 23, 2023, an additional one-third of the RSUs on February 23, 2024 and the remaining one-third of the RSUs on February 23, 2025.

4. These RSUs vest as to one-third of the RSUs on February 25, 2023, an additional one-third of the RSUs on February 25, 2024 and the remaining one-third of the RSUs on February 25, 2025.

5. The options vest as to one-third of the shares on November 15, 2022, an additional one-third of the shares on November 15, 2023 and the remaining one-third of the shares on November 15, 2024.

6. The options vest as to one-third of the shares on February 23, 2023, an additional one-third of the shares on February 23, 2024 and the remaining one-third shares on February 23, 2025.

7. The options vest as to one-third of the shares on February 25, 2023, an additional one-third of the shares on February 25, 2024 and the remaining one-third shares on February 25, 2025.

Remarks:

	/s/ Poongunran Muthukumaran, Attorney-in-Fact	04/01/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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