Michael Johnson - Apr 28, 2022 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role: Director, 10%+ Owner
Signature: /s/ Charles A. Scheiwe,Attorney-in-fact for Michael Johnson
Stock symbol: FLUX
Transactions as of: Apr 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/2/2022, 07:19 PM
Previous filing: Jun 10, 2021
Next filing: Jun 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLUX	Common Stock	Options Exercise		+1.53K	+0.03%		4.49M	Apr 29, 2022	See footnote	F1, F4

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	FLUX	Restricted Stock Units	Options Exercise		-1.53K	-33.33%		3.05K	Apr 29, 2022	Common Stock	1.53K		Direct	F2
transaction	FLUX	Restricted Stock Units	Award		+17.8K			17.8K	Apr 28, 2022	Common Stock	17.8K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents the number of common stock issued upon the vesting of 1,526 restricted stock units ("RSUs"), which converted into the Issuer's common stock on a one-for-one basis.
F2	Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. On April 29, 2021, in consideration for board services the Issuer granted 4,578 RSUs pursuant to a Restricted Stock Unit Award Agreement. One third of the original grant of 4,578 RSUs pursuant to the Issuer's 2014 Equity Incentive Plan vested on April 29, 2022, and 1,526 of the remaining RSUs will vest on April 29, 2023 and April 29, 2024, respectively.
F3	Represents a grant of RSUs on April 28, 2022 pursuant to the Issuer's 2014 Equity Incentive Plan in a transaction exempt under Rule 16b-3 to the Reporting Person, who is a non-executive director with the Issuer, in connection with services. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Subject to the conditions of the Restricted Stock Unit Award Agreement, the RSUs are scheduled to vest on April 28, 2023, which is one year from the date of grant.
F4	1,526 shares of common stock are directly held by the Reporting Person and 4,485,954 are held by Esenjay Investments, LLC, a Delaware limited liability company ("Esenjay"). The Reporting Person is the sole director and beneficial owner of Esenjay.

Remarks:

Exhibit 24 - Power of Attorney