Denis Phares - Apr 12, 2024 Form 4 Insider Report for Dragonfly Energy Holdings Corp. (DFLI)

Role: CEO, Interim CFO & President, Director, 10%+ Owner
Signature: /s/ Denis Phares
Stock symbol: DFLI
Transactions as of: Apr 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/16/2024, 09:00 PM
Previous filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DFLI	Common Stock	Award	$0	+567K	+3.83%	$0.00	15.4M	Apr 12, 2024	Direct	F1
holding	DFLI	Common Stock						1.22M	Apr 12, 2024	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 12, 2023, the Reporting Person was granted 567,407 restricted stock units ("RSUs") under the Dragonfly Energy Holdings Corp. 2022 Equity Incentive Plan, which will be settled in shares of common stock, par value $0.0001. The RSUs vest in three equal annual installments beginning on April 12, 2025, as long as the Reporting Person remains in continuous employment with the Issuer through each vesting date.
F2	The shares of common stock are held by the Phares 2021 GRAT dated July 9, 2021, of which the Reporting Person is a trustee.

Content

On April 12, 2023, the Reporting Person was granted 567,407 restricted stock units ("RSUs") under the Dragonfly Energy Holdings Corp. 2022 Equity Incentive Plan, which will be settled in shares of common stock, par value $0.0001. The RSUs vest in three equal annual installments beginning on April 12, 2025, as long as the Reporting Person remains in continuous employment with the Issuer through each vesting date.

The shares of common stock are held by the Phares 2021 GRAT dated July 9, 2021, of which the Reporting Person is a trustee.