Orion Energy (OESX) Director Ellen Richstone Receives 2,532-Share Award

What Happened
Ellen B. Richstone, a director of Orion Energy Systems, Inc. (OESX), was granted 2,532 restricted shares on August 11, 2026. The shares were awarded at $0.00 per share (no cash outlay by the reporting person). The restricted stock vests in thirds — 1/3 on each of August 11, 2027, 2028 and 2029 — per the issuer's 2016 Omnibus Incentive Plan.

Key Details

• Transaction date: 2026-08-11; Transaction code: A (award/grant)
• Shares granted: 2,532; Price: $0.00; Cash paid: $0
• Vesting: 1/3 on Aug 11 of 2027, 2028, and 2029 (see footnote F1)
• Shares owned after transaction: not disclosed in this filing
• Filing: Form 4 filed 2026-08-12 for a transaction on 2026-08-11 (timely under standard reporting rules)
• Notable corporate action: a 1-for-10 reverse stock split effective Aug 22, 2025 reduced the reporting person's previously held shares (see footnote F2)

Context
This was a standard restricted stock grant as compensation for a director role, not a purchase or sale. Restricted shares vest over time and are not immediately liquid — such awards are common for aligning executives/directors with shareholder interests. The reverse split noted in the filing relates to a prior corporate action (Aug 2025) and is informational, not a new trade.