Eric Bunting - 14 Feb 2025 Form 4 Insider Report for QS Energy, Inc. (QSEP)

Role
Director
Signature
/s/ Eric Bunting
Issuer symbol
QSEP
Transactions as of
14 Feb 2025
Net transactions value
$0
Form type
4
Filing time
25 Feb 2025, 16:54:52 UTC
Previous filing
25 Feb 2025
Next filing
27 May 2025
SEC
View on sec.gov

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 QSEP Options Award +333,333 +74% 781,247 01 Jan 2025 Common Stock 333,333 $0.1500 Direct F1
transaction QSEP Options Award +2,500,000 +320% 3,281,247 14 Feb 2025 Common Stock 2,500,000 $0.0200 Direct F2
transaction QSEP Options Award +1,250,000 +38% 4,531,247 14 Feb 2025 Common Stock 1,250,000 $0.0400 Direct F2
transaction QSEP Options Award +625,000 +14% 5,156,247 14 Feb 2025 Common Stock 625,000 $0.0800 Direct F2
transaction QSEP Options Award +833,333 +16% 5,989,580 14 Feb 2025 Common Stock 833,333 $0.0600 Direct F2
transaction QSEP Warrants Award +220,000 +3.7% 6,209,580 21 Feb 2025 Common Stock 220,000 $0.0700 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock options for the calendar year 2025 vest at the rate of 1/12 per month, effective 1/1/2025, with full vesting on 12/31/2025. The transaction date was 02/14/2025 with an effective date of 01/01/2025.
F2 These stock options were granted to Reporting Person as equity compensation for his services as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.
F3 Warrants issued and expiration date extended in connection with Reporting Person's acquisition of Issuer's Convertible Promissory Note.