Ronald F. Dutt - Oct 26, 2023 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
CEO and President, Director
Signature
/s/ Ronald F. Dutt
Stock symbol
FLUX
Transactions as of
Oct 26, 2023
Transactions value $
-$4,716
Form type
4
Date filed
10/30/2023, 08:23 PM
Previous filing
Oct 24, 2023
Next filing
Oct 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Options Exercise +6.61K +20% 39.6K Oct 26, 2023 Direct F1
transaction FLUX Common Stock Sale -$1.12K -333 -0.84% $3.35 39.3K Oct 27, 2023 Direct F2, F4
transaction FLUX Common Stock Sale -$3.6K -1.09K -2.78% $3.30 38.2K Oct 30, 2023 Direct F3, 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 -6.61K -100% 0 Oct 26, 2023 Common Stock 6.61K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") subject to the conditions of the Restricted Stock Unit Award Agreement pursuant to the Issuer's 2014 Equity Incentive Plan approved by the Board on November 5, 2020. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSU vested entirely on October 26, 2023, three (3) years from the vesting commencement date of October 26, 2020.
F2 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 $3.35 per share.
F3 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 $3.285 to $3.32, 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.
F4 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is made to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.