Jason Bull - Mar 21, 2023 Form 4 Insider Report for Benson Hill, Inc. (BHIL)

Signature
/s/ Tana Murphy, Attorney-in-Fact
Stock symbol
BHIL
Transactions as of
Mar 21, 2023
Transactions value $
-$15,997
Form type
4
Date filed
3/23/2023, 08:24 PM
Previous filing
Mar 21, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHIL Common Stock Sale -$4.71K -3.6K -11.93% $1.31 26.6K Mar 21, 2023 Direct F1, F2, F3
transaction BHIL Common Stock Sale -$4.93K -3.94K -14.83% $1.25 22.6K Mar 22, 2023 Direct F1, F4
transaction BHIL Common Stock Sale -$6.35K -5.33K -23.55% $1.19 17.3K Mar 23, 2023 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Represents shares automatically sold pursuant to an irrevocable sell-to-cover instruction, dated as of December 8, 2022, intended to satisfy the provisions of Rule 10b5-1. The shares were sold to satisfy tax withholding obligations in connection with the vesting of 30,156 restricted stock units on March 18, 2023.
F2 This transaction was executed in multiple trades ranging from $1.285 to $1.325. The price reported above reflects the average weighted sales. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 The Reporting Person's prior Form 4 overstated his ownership by one share of Common Stock.
F4 This transaction was executed in multiple trades ranging from $1.195 to $1.31. The price reported above reflects the average weighted sales. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades ranging from $1.185 to $1.24. The price reported above reflects the average weighted sales. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.