Yunfei Li - 11 Apr 2023 Form 4 Insider Report for CBAK Energy Technology, Inc. (CBAT)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Yunfei Li
Issuer symbol
CBAT
Transactions as of
11 Apr 2023
Net transactions value
$0
Form type
4
Filing time
11 Oct 2023, 16:30:32 UTC
Previous filing
11 Oct 2022
Next filing
16 Dec 2025
SEC
View on sec.gov

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 CBAT Restricted Share Units Award $0 +150,000 $0.000000 150,000 11 Apr 2023 Common Stock 150,000 Direct F1, F2
transaction CBAT Stock Option (right to buy) Award $0 +300,000 $0.000000 300,000 11 Apr 2023 Common Stock 300,000 $0.9503 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 11, 2023, pursuant to the CBAK Energy Technology, Inc. 2015 Equity Incentive Plan, the company granted 150,000 restricted share units (the "RSUs") to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock.
F2 The RSUs vest in two equal installments on June 30 and December 31, 2023, respectively.
F3 On April 11, 2023, pursuant to the CBAK Energy Technology, Inc. 2015 Equity Incentive Plan, the company granted the Reporting Person an option to purchase 300,000 shares of common stock. The option will vest in four equal installments semi-annually with the first installment vesting on June 30, 2024.