Robinette Dale Thomas 4
4 · Flux Power Holdings, Inc. · Filed May 2, 2022
Insider Transaction Report
Form 4
Robinette Dale Thomas
Director
Transactions
- Award
Restricted Stock Units
2022-04-28+17,793→ 17,793 total→ Common Stock (17,793 underlying) - Exercise/Conversion
Common Stock
2022-04-29+1,526→ 1,526 total - Exercise/Conversion
Restricted Stock Units
2022-04-29−1,526→ 3,052 total→ Common Stock (1,526 underlying)
Footnotes (3)
- [F1]Represents the number of common stock issued upon the vesting of 1,526 restricted stock units ("RSUs"), which converted into the Issuer's common stock on a one-for-one basis.
- [F2]Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. On April 29, 2021, in consideration for board services the Issuer granted 4,578 RSUs pursuant to a Restricted Stock Unit Award Agreement. One third of the original grant of 4,578 RSUs pursuant to the Issuer's 2014 Equity Incentive Plan vested on April 29, 2022, and 1,526 of the remaining RSUs will vest on April 29, 2023 and April 29, 2024, respectively.
- [F3]Represents a grant of RSUs on April 28, 2022 pursuant to the Issuer's 2014 Equity Incentive Plan in a transaction exempt under Rule 16b-3 to the Reporting Person, who is a non-executive director with the Issuer, in connection with services. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Subject to the conditions of the Restricted Stock Unit Award Agreement, the RSUs are scheduled to vest on April 28, 2023, which is one year from the date of grant.