Charles Scheiwe - Mar 1, 2024 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
CFO and Secretary
Signature
/s/ Charles Scheiwe
Stock symbol
FLUX
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 08:28 PM
Previous filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Options Exercise +7.03K +50.11% 21.1K Mar 1, 2024 Direct F1
transaction FLUX Common Stock Options Exercise +2.1K +9.97% 23.2K Mar 1, 2024 Direct F2

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 -7.03K -100% 0 Mar 1, 2024 Common Stock 7.03K Direct F1
transaction FLUX Restricted Stock Units Options Exercise -2.1K -100% 0 Mar 1, 2024 Common Stock 2.1K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles Scheiwe is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents a one-time grant (the "2020 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 "2014 Plan") in November 2020. In connection with the Transition (defined below), effective as of March 1, 2024 (the "Separation Date"), the entire 2020 Grant accelerated and became fully vested as of the Separation Date.
F2 Represents a grant of RSUs subject to the conditions of the restricted stock unit award agreement pursuant to the Issuer's 2014 Plan (the "2021 Grant") in October 2021. 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. In connection with the Transition, the remaining 1/3 of the 2021 Grant accelerated and became fully vested as of the Separation Date.

Remarks:

Effective as of March 1, the Reporting Person stepped down as the Issuer's Chief Financial Officer and Secretary, including all positions with the Company and its subsidiary and transitioned to a consultant for the Company (the "Transition"). As a result, this Form 4 serves as the Reporting Person's voluntary "exit" filing.