Xiangyu Pei - Apr 22, 2022 Form 4 Insider Report for CBAK Energy Technology, Inc. (CBAT)

Role: Interim CFO, Director
Signature: /s/ Xiangyu Pei
Stock symbol: CBAT
Transactions as of: Apr 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/11/2022, 06:24 AM
Next filing: Oct 11, 2023

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	Stock Option (right to buy)	Award	$0	+30K		$0.00	30K	Apr 22, 2022	Common Stock	30K	$1.96	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 29, 2021, the reporting person was granted an option to purchase 150,000 shares of common stock. The option vests in 10 equal semi-annual installments based on the CBAT's satisfaction of certain performance criteria for each of the fiscal year ending December 31, 2021, 2022, 2023, 2024 and 2025. The performance criteria for 2021 were met, resulting in vesting of the option as to 15,000 shares on May 30, 2022 and 15,000 shares on November 30, 2022.

Content

On November 29, 2021, the reporting person was granted an option to purchase 150,000 shares of common stock. The option vests in 10 equal semi-annual installments based on the CBAT's satisfaction of certain performance criteria for each of the fiscal year ending December 31, 2021, 2022, 2023, 2024 and 2025. The performance criteria for 2021 were met, resulting in vesting of the option as to 15,000 shares on May 30, 2022 and 15,000 shares on November 30, 2022.