Li Yunfei 4
4 · CBAK Energy Technology, Inc. · Filed Sep 13, 2019
Insider Transaction Report
Form 4
Li Yunfei
DirectorCEO and Secretary
Transactions
- Purchase
COMMON STOCK
2019-09-04$1.05/sh+2,938,067$3,084,970→ 8,530,752 total - Award
Restricted Share Units
2019-08-23+400,000→ 400,000 total→ Common Stock (400,000 underlying)
Footnotes (3)
- [F1]On September 4, 2019, the Reporting Person acquired 2,938,067 shares of common stock of the Issuer by cancelling a loan of $3.08 million that the Issuer owed to the Reporting Person, at the exchange price of $1.05 per share.
- [F2]On August 23, 2019, pursuant to the CBAK Energy Technology, Inc. 2015 Equity Incentive Plan, the Issuer granted 400,000 restricted share units (the "RSUs") to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock.
- [F3]The RSUs vest semi-annually in six equity installments over a three year period with the first vesting on September 30, 2019.