Ronald F. Dutt - 27 Oct 2023 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
CEO and President, Director
Signature
/s/ Ronald F. Dutt
Issuer symbol
FLUX
Transactions as of
27 Oct 2023
Net transactions value
-$1,921
Form type
4
Filing time
31 Oct 2023, 20:52:34 UTC
Previous filing
30 Oct 2023
Next filing
06 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Options Exercise +4,020 +11% 42,233 27 Oct 2023 Direct F1
transaction FLUX Common Stock Sale $1,921 -582 -1.4% $3.30 41,651 31 Oct 2023 Direct F2, F3

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 -4,020 -50% 4,021 27 Oct 2023 Common Stock 4,020 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 (the "Original Grant") on October 27, 2021. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 1/3 of the Original Grant vested on October 27, 2022, and a subsequent 1/3 of the Original Grant vested on October 27, 2023. The remaining 1/3 of the Original Grant is scheduled to vest on October 27, 2024.
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 $3.30 per share.
F3 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.