Montgomery Molly - 01 Jul 2023 Form 4 Insider Report for Benson Hill, Inc. (BHILQ)

Role
Director
Signature
/s/ Tana Murphy, Attorney-in-Fact
Issuer symbol
BHILQ
Transactions as of
01 Jul 2023
Net transactions value
-$29,176
Form type
4
Filing time
05 Jul 2023, 15:03:43 UTC
Previous filing
25 May 2023
Next filing
15 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHIL Common Stock Options Exercise +61,869 +277% 84,196 01 Jul 2023 Direct F1, F2
transaction BHIL Common Stock Sale $29,176 -23,510 -28% $1.24 60,686 03 Jul 2023 Direct F3

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 BHIL Restricted Stock Units Options Exercise $0 -61,869 -100% $0.000000* 0 01 Jul 2023 Common Stock, $0.0001 par value per share 61,869 Direct F1, F2
* 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 vesting of restricted stock units granted on July 1, 2022 under the Issuer's 2021 Omnibus Incentive Plan.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 This transaction was executed in multiple trades with sales prices ranging from $1.21 to $1.33. The price reported above reflects the average weighted sales price. 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.