Washlow Sally A. 4
4 · ORION ENERGY SYSTEMS, INC. · Filed Aug 8, 2025
Insider Transaction Report
Form 4
Washlow Sally A.
Director
Transactions
- Award
Stock Options (right to buy)
2025-08-07+500,000→ 500,000 totalExercise: $0.60Exp: 2035-07-17→ Common Stock (500,000 underlying)
Holdings
- 1,000(indirect: By Spouse)
Common Stock
- 253,580
Common Stock
Footnotes (2)
- [F1]This option was granted July 18, 2025, subject to shareholder approval of the stock option award. Orion Energy Systems, Inc.'s stockholders approved the stock option award on August 7, 2025.
- [F2]This option becomes exercisable as follows: (i) the portion of the stock option exercisable for one-half of the option shares (250,000 shares) will vest in three equal increments on each of the first three anniversaries of the grant date, provided Ms. Washlow remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date, and (ii) the second one-half of the grant (250,000 shares) will vest, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $3.00, $4.00 and $5.00, respectively, provided Ms. Washlow remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.