Montgomery Molly - 29 Sep 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
29 Sep 2023
Net transactions value
-$2,813
Form type
4
Filing time
03 Oct 2023, 16:27:27 UTC
Previous filing
15 Aug 2023
Next filing
01 Aug 2024
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 +22,327 +37% 83,013 29 Sep 2023 Direct F1, F2
transaction BHIL Common Stock Sale $2,813 -8,484 -10% $0.3316 74,529 29 Sep 2023 Direct F3, F4

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 -22,327 -100% $0.000000* 0 29 Sep 2023 Common Stock, $0.0001 par value per share 22,327 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 two tranches of restricted stock units granted on December 9, 2021 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 The sales reported in this Form 4 were non-discretionary sales to satisfy the reporting person's tax withholding obligation upon vesting of a portion of a restricted stock unit award.
F4 This transaction was executed in multiple trades with sales prices ranging from $0.3250 to $0.3370. 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.