Bentzen Andreas 4

What Happened

• Andreas Bentzen, Chief Technology Officer of T1 Energy (TE), had 25,000 restricted stock units (RSUs) vest and be settled into 25,000 shares of common stock on June 23, 2026. To cover tax obligations, 11,850 of those shares were withheld at $9.24 per share (total value $109,494), leaving him with 13,150 shares following the settlement. The RSU vesting is an award settlement (not an open-market purchase).

Key Details

• Transaction date: June 23, 2026; Form 4 filed June 25, 2026 (timely filing).
• Vesting: 25,000 RSUs settled into 25,000 shares (first of three equal annual installments from a 75,000 RSU grant).
• Tax withholding: 11,850 shares withheld to satisfy tax obligations at $9.24/share — proceeds reported $109,494 (coded F).
• Shares owned after transaction: 13,150 shares directly beneficially owned (25,000 acquired less 11,850 withheld).
• Outstanding RSUs remaining: 50,000 RSUs (one-third vests each year 2027 and 2028).
• Other note: 1,200 shares are held by Beacon Group AS (Bentzen is owner and disclaims beneficial ownership except to his pecuniary interest).

Context

• This was an RSU vesting and share settlement (award). The withholding of shares for taxes is a routine administrative disposition rather than an active market sale by the insider. Derivative codes (M) reflect the conversion/settlement of RSUs; code F reflects tax withholding.