Desmond C. Wheatley - 03 Jan 2022 Form 4 Insider Report for Beam Global (BEEM)

Signature
/s/ Desmond Wheatley
Issuer symbol
BEEM
Transactions as of
03 Jan 2022
Net transactions value
-$24,796
Form type
4
Filing time
05 Jan 2022, 16:20:17 UTC
Previous filing
14 Oct 2021
Next filing
06 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEEM Common Stock Award $0 +7,436 +11% $0.000000 77,222 03 Jan 2022 Direct F1
transaction BEEM Common Stock Sale $24,796 -1,300 -1.7% $19.07 75,922 03 Jan 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective on January 3, 2022, Mr. Wheatley was granted a restricted stock award of 7,436 shares of the Company's common stock which vests as follows: For 3,718 restricted shares, one-fourth will vest quarterly beginning on March 31, 2022. For the remaining 3,718 restricted shares, one-twelfth will vest quarterly beginning on March 31, 2022.
F2 The Sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The shares were sold to satisfy the withholding and tax obligations related to the issuance of shares upon the vesting of restricted stock previously granted to the reporting person.
F3 This transaction was executed in multiple trades at prices ranging from $18.78 to $19.25. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.