Bruce Tyler Bennett - 29 Sep 2023 Form 4 Insider Report for Benson Hill, Inc. (BHILQ)

Role
President, Ingredients
Signature
/s/ Tana Murphy, Attorney-in-Fact
Issuer symbol
BHILQ
Transactions as of
29 Sep 2023
Net transactions value
-$1,530
Form type
4
Filing time
03 Oct 2023, 14:52:52 UTC
Previous filing
23 Mar 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 +15,750 +57% 43,316 29 Sep 2023 Direct F1, F2
transaction BHIL Common Stock Sale $1,530 -4,615 -11% $0.3315 38,701 29 Sep 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 -15,750 -33% $0.000000 31,500 29 Sep 2023 Common Stock, $0.0001 par value per share 15,750 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 the second of four tranches of restricted stock units granted on September 29, 2021 under the Issuer's 2021 Omnibus Incentive Plan. The remaining tranches will vest in equal installments on September 29, 2024 and 2025, respectively.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 Represents shares automatically sold pursuant to an irrevocable sell-to-cover instruction, dated as of December 7, 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 15,750 restricted stock units on September 29, 2023.