John Zahurancik - 12 Jun 2024 Form 4 Insider Report for Fluence Energy, Inc. (FLNC)

Role
SVP and President, Americas
Signature
/s/ Francis A. Fuselier as Attorney-in-fact for John Zahurancik
Issuer symbol
FLNC
Transactions as of
12 Jun 2024
Net transactions value
-$544,250
Form type
4
Filing time
14 Jun 2024, 16:06:41 UTC
Previous filing
30 Apr 2024
Next filing
10 Dec 2024
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 $61,250 +25,000 +26% $2.45 121,005 12 Jun 2024 Direct F1
transaction FLNC Class A Common Stock Sale $605,500 -25,000 -21% $24.22 96,005 12 Jun 2024 Direct F1, 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 FLNC Stock Option Options Exercise $0 -25,000 -6.2% $0.000000 380,674 12 Jun 2024 Class A Common Stock 25,000 $2.45 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 The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 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, as well as applicable broker fees and commissions and withholding taxes.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple open market transactions at prices ranging from $23.79 to $24.635, 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.
F4 Represents part of a single option award grant initially for an aggregate 455,674 shares, which vested in three equal annual installments on April 2, 2022, April 2, 2023 and April 2, 2024. All shares subject to the option are vested and exercisable.