Cheemin Bo-Linn - 18 Apr 2024 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
FORMER DIRECTOR
Signature
/s/ Ronald F. Dutt, Attorney-in-fact for Cheemin Bo-Linn
Issuer symbol
FLUX
Transactions as of
18 Apr 2024
Net transactions value
$0
Form type
4
Filing time
19 Apr 2024, 18:42:17 UTC
Previous filing
03 Oct 2023
Next filing
14 Jun 2024
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 +16,883 +75% 39,501 18 Apr 2024 Direct F1, F3
transaction FLUX Common Stock Options Exercise +1,678 +4.2% 41,179 18 Apr 2024 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 -16,883 -100% 0 18 Apr 2024 Common Stock 16,883 Direct F1, F3
transaction FLUX Restricted Stock Unit Options Exercise -1,678 -100% 0 18 Apr 2024 Common Stock 1,678 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cheemin Bo-Linn 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 grant of 16,883 restricted stock units ("RSUs") on April 20, 2023 (the "2023 Grant") subject to the conditions of the restricted stock unit award agreement pursuant to the Issuer's 2014 Equity Incentive Plan (the "2014 Plan"). On April 18, 2024, the entire 2023 Grant accelerated and became fully vested as of April 18, 2024.
F2 Represents a grant of RSUs on August 26, 2022 subject to the conditions of the restricted stock unit award agreement pursuant to the Issuer's 2014 Plan (the "2022 Grant"). One third of the 2022 Grant vested on August 26, 2022, and a subsequent one third vested on April 29, 2023. On April 18, 2024, the remaining one third of the 2022 Grant accelerated and became fully vested as of April 18, 2024.
F3 Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated May 2, 2022.) This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's director, effective as of April 18, 2024, and therefore is no longer subject to Section 16 reporting.