Lisa Walters-Hoffert - Apr 28, 2022 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
Director
Signature
/s/ Charles A. Scheiwe, Attorney-in-fact for Lisa Walters-Hoffert
Stock symbol
FLUX
Transactions as of
Apr 28, 2022
Transactions value $
$0
Form type
4
Date filed
5/2/2022, 07:26 PM
Previous filing
Jan 28, 2022
Next filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Options Exercise +1.53K 1.53K Apr 29, 2022 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
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.

Remarks:

Exhibit 24 - Power of Attorney