Jiewei Li - 22 Aug 2023 Form 3 Insider Report for CBAK Energy Technology, Inc. (CBAT)

Role
CFO
Signature
/s/ Jiewei Li
Issuer symbol
CBAT
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
3
Filing time
29 Aug 2023, 16:30:11 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CBAT Common Stock 5,000 22 Aug 2023 Direct 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
holding CBAT Restricted Share Units 22 Aug 2023 Common Stock 5,000 Direct F2
holding CBAT Options 22 Aug 2023 Common Stock 20,000 Direct F3
holding CBAT Options 22 Aug 2023 Common Stock 4,000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Representing 5,000 restricted share units granted under the Company's 2015 Equity Incentive Plan that have vested.
F2 Representing 5,000 restricted share units granted under the Company's 2015 Equity Incentive Plan that will vest on December 31, 2023.
F3 Representing an option to purchase 20,000 shares of common stock granted under the Company's 2015 Equity Incentive Plan, which will vest on June 30 and December 31 of 2024 and 2025 in four equal installments.
F4 On November 29, 2021, the reporting person was granted an option to purchase 20,000 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 2,000 shares on May 30, 2022 and 2,000 shares on November 30, 2022. The performance criteria for 2022 were not met, and thus, no portion of the option was vested in 2023.