Yevgeny Fundler - 31 Dec 2023 Form 4 Insider Report for Benson Hill, Inc. (BHILQ)

Role
Chief Legal Officer/Corp Secty
Signature
/s/ Tana Murphy, Attorney-in-Fact
Issuer symbol
BHILQ
Transactions as of
31 Dec 2023
Net transactions value
-$2,831
Form type
4
Filing time
03 Jan 2024, 16:40:10 UTC
Previous filing
23 Mar 2023
Next filing
19 Mar 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 $0 +50,000 +488% $0.000000 60,247 31 Dec 2023 Direct F1
transaction BHIL Common Stock Sale $2,831 -18,872 -31% $0.1500 41,375 02 Jan 2024 Direct F2, 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 -50,000 -50% $0.000000 50,000 31 Dec 2023 Common Stock, $0.0001 par value per share 50,000 Direct F1, F4
* 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 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 The sales reported in this Form 4 were non-discretionary sales to satisfy the reporting person's tax withholidng obligation upon vesting of a portion of a restricted stock unit award.
F3 This transaction was executed in multiple trades with sales prices ranging from $0.150 to $0.156. 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.
F4 Represents vesting of the first of two tranches of restricted stock units granted on December 5, 2022 under the Issuer's 2021 Omnibus Incentive Plan. The remaining tranche will vest in an equal installment on December 31, 2024.