Osterer Michael 4

What Happened

• Michael Osterer, a director of Acorn Energy, was granted 3,125 derivative securities (stock options) on 2026-01-19. The filing lists an exercise price of $0.00 and reports $0 cash paid at grant. The award was granted pursuant to the issuer's compensation policy for non-employee directors.

Key Details

• Transaction date: 2026-01-19; Form 4 filed: 2026-01-21 (timely).
• Transaction type: Award/Grant (code A) of derivative securities (options).
• Amount: 3,125 options; exercise price per option shown as $0.00 in the filing.
• Vesting: 1/4 immediately exercisable; additional 1/4 vest on each of 4/1/26, 7/1/26 and 10/1/26 (see footnote F2).
• Expiration: Options expire the earlier of (a) 1/1/2033 or (b) 18 months after the director ceases service (footnote F3).
• Grant authority: Issued under the company's non-employee director compensation policy (footnote F1).
• Shares/options owned after the transaction: not specified in the provided filing excerpt.

Context

• This is an equity compensation grant to a non‑employee director, a routine form of pay rather than an open‑market purchase or sale. The $0.00 exercise price indicates no cash was paid at grant, but the actual economic value depends on future ACORN ENERGY stock price and exercise/vesting. Such awards are common and do not, by themselves, indicate the director is buying or selling stock for investment reasons.