DUTT RONALD F 4
4 · Flux Power Holdings, Inc. · Filed Oct 31, 2023
Insider Transaction Report
Form 4
Transactions
- Sale
Common Stock
2023-10-31$3.30/sh−582$1,921→ 41,651 total - Exercise/Conversion
Restricted Stock Units
2023-10-27−4,020→ 4,021 total→ Common Stock (4,020 underlying) - Exercise/Conversion
Common Stock
2023-10-27+4,020→ 42,233 total
Footnotes (3)
- [F1]Represents a grant of restricted stock units ("RSUs") subject to the conditions of the Restricted Stock Unit Award Agreement pursuant to the Issuer's 2014 Equity Incentive Plan (the "Original Grant") on October 27, 2021. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 1/3 of the Original Grant vested on October 27, 2022, and a subsequent 1/3 of the Original Grant vested on October 27, 2023. The remaining 1/3 of the Original Grant is scheduled to vest on October 27, 2024.
- [F2]The price reported in Column 4 is the actual price. These shares were sold in the open market in multiple transactions, all at the stated price of $3.30 per share.
- [F3]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is made to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.