Michael Johnson - Sep 27, 2023 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
Sep 27, 2023
Transactions value $
-$108,921
Form type
4
Date filed
9/29/2023, 07:57 PM
Previous filing
Sep 25, 2023
Next filing
Apr 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Sale -$489 -134 0% $3.65 4.35M Sep 27, 2023 By Esenjay Investments, LLC F1, F2, F3
transaction FLUX Common Stock Sale -$108K -30K -0.69% $3.61 4.32M Sep 28, 2023 By Esenjay Investments, LLC F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was entered into pursuant to a Rule 10b5-1 trading plan previously adopted by Esenjay Investments, LLC ("Esenjay") on February 16, 2023.
F2 These securities are directly held by Esenjay. Michael Johnson is the sole director and beneficial owner of Esenjay.
F3 The price reported in Column 4 is the actual price. These shares were sold in the open market in multiple transactions, all at the stated price of $3.65 per share. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in the open market in multiple transactions, at prices ranging from $3.60 to $3.70, inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated May 2, 2022)