Yunfei Li - 22 Apr 2022 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: 22 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 11 Oct 2022, 06:25:41 UTC
Next filing: 11 Oct 2023
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	Stock Option (right to buy)	Award	$0	+40,000		$0.000000	40,000	22 Apr 2022	Common Stock	40,000	$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 200,000 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 20,000 shares on May 30, 2022 and 20,000 shares on November 30, 2022.

Content

On November 29, 2021, the reporting person was granted an option to purchase 200,000 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 20,000 shares on May 30, 2022 and 20,000 shares on November 30, 2022.