Stephen P. Brown - 12 Feb 2024 Form 3 Insider Report for SolarMax Technology, Inc. (SMXT)

Role: Chief Financial Officer
Signature: /s/ Stephen Brown
Issuer symbol: SMXT
Transactions as of: 12 Feb 2024
Net transactions value: $0
Form type: 3
Filing time: 20 Feb 2024, 18:38:13 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SMXT	Common stock, par value $0.001 per share						0	12 Feb 2024	Direct

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
holding	SMXT	Stock Option							12 Feb 2024	Common Stock	199,736	$5.01	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The stock option is a non-qualified stock option granted pursuant to the Company's 2016 Equity Incentive Plan, and is exercisable as to 149,802 shares and becomes exercisable as to the remaining shares on the closing date of the Company's initial public offering. The option expires on April 30, 2027.