Orion (OESX) President Scott A. Green Receives Equity Awards

What Happened
Scott A. Green, President and Chief Operating Officer of Orion Energy Systems, Inc. (OESX), received two equity awards on August 11, 2026: 9,000 shares of restricted common stock (granted at $0.00) and a 17,500-share derivative award (granted at $0.00) that is a performance-based option. The restricted stock vests 1/3 on each of August 11, 2027, 2028 and 2029. The 17,500-share option becomes exercisable in three equal increments only if the company’s average closing price for five consecutive trading days meets $30, $40 and $50 thresholds (each within specified post-grant periods) and provided Mr. Green remains employed through the applicable vesting dates. These were grants/awards (code A), not open-market purchases or sales.

Key Details

• Transaction date(s): August 11, 2026; Form 4 filed August 12, 2026 (timely filing).
• Grant prices: $0.00 for both the 9,000 restricted shares and the 17,500-share derivative award.
• Vesting/conditions: Restricted shares vest in three equal annual installments beginning Aug 11, 2027 (see footnote F1). The 17,500-share option vests only upon meeting price-based performance hurdles and continued employment (see footnote F3).
• Shares owned after transaction: Not specified in the transaction lines of the filing. Footnote F2 notes a prior 1-for-10 reverse split (Aug 22, 2025) and adjustments/forfeitures to previously reported holdings.
• Related footnotes: F1 (restricted stock vesting schedule), F3 (performance/price-based option terms), F2/F5 (effects of the 1-for-10 reverse split and prior adjustments to holdings/options).

Context
These awards are standard incentive grants to executives and are not cash purchases or sales. The 17,500-share award is performance-vested and will only become exercisable if Orion’s stock meets specified price hurdles for sustained periods and Mr. Green remains employed — meaning it is not immediately liquid or a sign of immediate buying/selling.