Tran Benjamin B 4

What Happened Benjamin B. Tran, reported as a 10% owner of Bimergen Energy Corp (BESS), was granted 50,000 shares classified as a derivative award on April 30, 2026. The Form 4 lists the acquisition price as $0.00 (i.e., an award/grant rather than an open-market purchase); the filing was submitted on May 4, 2026. Because this is an award (transaction code A) and not a sale, it is not a bearish signal—awards often represent compensation or equity-based incentives.

Key Details

• Transaction date: April 30, 2026; Form 4 filed: May 4, 2026 (appears to be filed within the required two-business-day window).
• Transaction type/code: Award/Grant (A); listed as a derivative acquisition.
• Shares granted: 50,000; acquisition price reported: $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan details: The Form 4 excerpt does not specify whether the award is restricted stock, RSUs, performance-based, or subject to vesting/tax withholding.

Context

• "Derivative" in the filing typically means the award could be RSUs, restricted stock, or another equity-based instrument; the Form 4 did not detail the instrument or vesting terms, which affect when the shares become tradable.
• As a 10% owner (not necessarily an executive role), Tran’s award is a disclosure under Section 16 but should be interpreted differently than routine executive open-market buys/sells. Awards at $0 are common for compensation grants and do not reflect immediate cash paid by the insider.