Carolee Couch - 22 May 2023 Form 4 Insider Report for Fluence Energy, Inc. (FLNC)

Role
SVP & Chief SC & Manu. Officer
Signature
/s/ Francis A. Fuselier as Attorney-in-fact for Carolee Couch
Issuer symbol
FLNC
Transactions as of
22 May 2023
Net transactions value
-$1,016,635
Form type
4
Filing time
23 May 2023, 18:56:55 UTC
Previous filing
03 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLNC Class A Common Stock Options Exercise $122,500 +50,000 +4167% $2.45* 51,200 22 May 2023 Direct
transaction FLNC Class A Common Stock Sale $1,139,135 -50,000 -98% $22.78 1,200 22 May 2023 Direct F1, F2

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 FLNC Stock Option Options Exercise $0 -50,000 -10% $0.000000 451,537 22 May 2023 Class A Common Stock 50,000 $2.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Proceeds from the sale were used to pay the exercise price of such portion of the stock option, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple open market transactions at prices ranging from $22.36 to $23.26, inclusive. The Reporting Person undertakes to provide to Fluence Energy, Inc. ("Fluence"), any security holder of Fluence, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated in this footnote.
F3 Represents part of a single option award grant initially for an aggregate 501,537 shares, which vests in three equal annual installments. 1/3rd of the aggregate shares subject to the option became vested and exercisable on April 2, 2022 and another 1/3rd of the aggregate shares subject to the option became vested and exercisable on April 2, 2023. The final 1/3 of the aggregate shares subject to the option vest on April 2, 2024.