Vanka Krishna C 4

What Happened
Vanka Krishna, CEO, President and Director of Flux Power Holdings (FLUX), had 40,650 restricted stock units (RSUs) vest on July 1, 2026 (reported as exercise/conversion of a derivative, code M). Following the vesting, 20,633 of the resulting shares were sold in an open-market, sell-to-cover transaction on July 2, 2026 at a weighted average price of $0.87, generating approximately $17,893 in proceeds. The sale was to satisfy tax withholding obligations and was not a discretionary market sell.

Key Details

• Transaction dates: RSU vest/conversion on 2026-07-01 (code M); sell-to-cover sale on 2026-07-02 (code S).
• Sale price: weighted average $0.87 per share (range $0.8301–$0.9101). Total proceeds reported: $17,893.
• Shares from vesting: 40,650 RSUs vested into 40,650 shares; 20,633 of those shares were sold to cover taxes, leaving about 20,017 shares from this vesting (not including any prior holdings).
• Footnotes: F1 – RSUs were granted 8/1/2025 and vested 7/1/2026 as the first annual tranche of a 3‑year schedule. F2 – weighted average sale price and range disclosed; issuer to provide breakdown on request. F3 – sale was a sell-to-cover to satisfy tax withholding (not discretionary).
• Filing timeliness: Form 4 filed 2026-07-06 covering transactions on 7/1 and 7/2; filing is within the standard two-business-day window for the most recent transaction and therefore appears timely.

Context

• This was not a purchase signal; the primary action was RSU vesting and a routine sell-to-cover for taxes. For derivative transactions: “M” indicates conversion/exercise of a derivative (here, RSUs converting to common shares).
• The sale does not necessarily reflect the insider’s view of the company’s near-term prospects since it was performed solely to meet tax obligations tied to vesting.