Johnson Michael 4

What Happened

• Michael Johnson (listed as a 10% owner) had 50,000 restricted stock units (RSUs) that were granted on May 28, 2025 and vested on May 28, 2026. Upon vesting the RSUs converted into 50,000 shares of Flux Power common stock. The Form 4 also shows a same-day conversion/disposition of 50,000 derivative-based shares on May 28, 2026.
• The filing does not list per-share prices or total dollar values for the transactions (values shown as N/A). These were not open-market purchases—this was an award/vesting (A) and conversion/exercise of derivatives (M), which is typically neutral versus a straight buy or sell.

Key Details

• Transaction dates and codes:
  • 2025-05-28: Grant/Award of 50,000 RSUs (code A) — originally granted on this date (footnote F3: grant was not previously reported).
  • 2026-05-28: Vesting/conversion/exercise of 50,000 RSUs into common stock (code M) — recorded as an acquisition.
  • 2026-05-28: Simultaneous conversion/exercise/disposition of 50,000 derivative shares (code M) — recorded as a disposition.
• Prices/values: Not provided in the filing (listed as N/A).
• Shares owned after transaction: Not disclosed in the information provided in this excerpt.
• Footnotes of note:
  • F1: RSUs granted 5/28/2025 vested 5/28/2026; each RSU converted into one share at vesting.
  • F2: Reporting person is sole director and beneficial owner of Esenjay Investments, L.L.C.
  • F3: The original RSU grant was not previously reported due to an administrative error.
• Timeliness: The Form 4 was filed on 2026-06-01 for a reporting period of 2025-05-28, and the filing notes the prior non-reporting (administrative error). This constitutes a late disclosure (timeliness flag: L).

Context

• These entries reflect RSU vesting and a conversion/exercise of derivative awards rather than a cash purchase or routine open-market sale. Vesting awards increase the insider’s position by converting units to shares; the simultaneous disposition recorded on the same date may reflect a separate transfer or action but the filing does not specify the reason (e.g., tax withholding or sale).
• As a reported 10% owner, Michael Johnson is a significant shareholder; such transactions are reporting and disclosure events but do not by themselves indicate the insider’s sentiment about the stock.