| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLUX | Common Stock | Options Exercise | +16.9K | +111.93% | 32K | Apr 20, 2024 | Direct | F1, F2 | ||
| transaction | FLUX | Common Stock | Sale | -$23.8K | -5.91K | -18.48% | $4.03 | 26.1K | Apr 22, 2024 | Direct | F3, F4, F6 |
| 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, F4 | |||
| transaction | FLUX | Restricted Stock Unit | Award | +17.1K | 17.1K | Apr 18, 2024 | Common Stock | 17.1K | Direct | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| 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 | This transaction was entered into pursuant to a Rule 10b5-1 trading plan previously adopted by Lisa Walters-Hoffert on June 13, 2023. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in the open market in multiple transactions, at prices ranging from $4.02 to $4.10, inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction. |
| F5 | 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. |
| F6 | 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 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. |
Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated April 29, 2024). This Form 4/A is being filed to clarify that the sale reported was to satisfy tax withholding obligations in connection with the vesting and settlement of the RSUs to be funded by a "sell to cover" transaction.