Jan H. Loeb - 02 Mar 2023 Form 4 Insider Report for ACORN ENERGY, INC. (ACFN)

Role
President and CEO, Director, 10%+ Owner
Signature
Jan H. Loeb
Issuer symbol
ACFN
Transactions as of
02 Mar 2023
Net transactions value
+$4,550
Form type
4
Filing time
06 Mar 2023, 06:47:06 UTC
Previous filing
03 Jan 2023
Next filing
24 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACFN common stock Options Exercise $4,550 +35,000 +1.6% $0.1300 2,247,932 02 Mar 2023 Direct
holding ACFN common stock 1,366,666 02 Mar 2023 by IRA
holding ACFN common stock 4,372,017 02 Mar 2023 by LLC F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACFN warrants Options Exercise -35,000 -100% 0 02 Mar 2023 common stock 35,000 $0.1300 see footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held by Leap Tide Capital Acorn LLC, of which Mr. Loeb is the sole manager.
F2 One-fourth of the warrants became exercisable on each of 3/16/16, 6/16/16, 9/16/16 and 12/16/16.
F3 The warrants were held by Leap Tide Capital Management, LLC. The warrants were purchased for an aggregate nominal purchase price of $100.00 pursuant to the terms of a Consulting Agreement between Leap Tide Capital Management, LLC and Acorn Energy, Inc. Mr. Loeb is the sole owner and manager of Leap Tide Management, LLC, with sole voting and dispositive power over the warrants and the shares underlying the warrants.