Michael Johnson - Apr 18, 2024 Form 4 Insider Report for Flux Power Holdings, Inc. (FLUX)

Role
Director, 10%+ Owner
Signature
/s/ Ronald F. Dutt, Attorney-in-fact for Michael Johnson
Stock symbol
FLUX
Transactions as of
Apr 18, 2024
Transactions value $
$0
Form type
4
Date filed
4/22/2024, 09:56 PM
Previous filing
Sep 29, 2023
Next filing
Apr 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLUX Common Stock Options Exercise +16.9K +0.39% 4.34M Apr 20, 2024 By Esenjay Investments, LLC F1, 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 Unit Options Exercise -16.9K -100% 0 Apr 20, 2024 Common Stock 16.9K Direct F1, F2
transaction FLUX Restricted Stock Unit Award +17.1K 17.1K Apr 18, 2024 Common Stock 17.1K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of common stock issued upon the vesting of 16,883 restricted stock units ("RSUs"), which converted into the Issuer's common stock on a one-for-one basis.
F2 This award was granted on April 20, 2023. 16,883 RSUs vested on April 20, 2024.
F3 Represents a grant of RSUs on April 18, 2024, pursuant to the Issuer's 2021 Equity Incentive Plan in a transaction exempt under Rule 16b-3 to the Reporting Person, who is a non-executive director with the Issuer, in connection with services. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Subject to the conditions of the Restricted Stock Unit Award Agreement, the RSUs are scheduled to vest on April 18, 2025, which is one year from the date of grant.
F4 Consists of 37,728 shares of common stock directly held by the Reporting Person and 4,299,756 indirectly held by Esenjay Investments, LLC, a Delaware limited liability company ("Esenjay"). The Reporting Person is the sole director and beneficial owner of Esenjay.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated May 2, 2022.)