ZENTMAN SAMUEL M 4

What Happened Samuel M. Zentman, a director of Acorn Energy, exercised options on February 5, 2026 to acquire 625 shares at an exercise price of $4.96 per share, for a total cash payment of $3,100. The Form 4 also reports a corresponding conversion/disposition of 625 derivative units at $0, which reflects the option rights being converted into common shares upon exercise (not a market sale).

Key Details

• Transaction date: 2026-02-05.
• Exercise: 625 shares acquired at $4.96 each; total paid = $3,100.
• Derivative conversion/disposition: 625 units reported disposed at $0 (reflects conversion of the option into shares).
• Shares owned after the transaction: not specified in the excerpt of the filing provided.
• Footnotes: F1—options granted 2/5/2019 under the Amended and Restated 2006 Stock Incentive Plan for board service. F2—options vested in four installments (2/5/19, 4/1/19, 7/1/19, 10/1/19).
• Filing date: Form was filed 2026-02-09 (four days after the Feb 5 transaction). Form 4s are normally due within two business days; this filing appears to have been submitted later than that window.

Context This was an option exercise (insider paying the exercise price to obtain shares), not an open-market purchase or sale. Because no sale of the newly acquired shares is reported, the transaction represents an acquisition of stock by the director. The reported derivative disposition at $0 is standard when option rights are converted into common shares on exercise and does not indicate a cash sale.