Joshua Buettner-Garrett - Jan 11, 2024 Form 4 Insider Report for Solid Power, Inc. (SLDP)

Role
Chief Technology Officer
Signature
/s/ James Liebscher, attorney-in-fact on behalf of Joshua Buettner-Garrett
Stock symbol
SLDP
Transactions as of
Jan 11, 2024
Transactions value $
-$236,456
Form type
4
Date filed
1/12/2024, 05:38 PM
Previous filing
Dec 22, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLDP Common Stock Options Exercise $5.63K +188K +52.6% $0.03* 544K Jan 11, 2024 Direct F1
transaction SLDP Common Stock Sale -$242K -188K -34.47% $1.29 356K Jan 11, 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 SLDP Stock Option (Right to Buy) Options Exercise $0 -188K -6.24% $0.00 2.82M Jan 11, 2024 Common Stock 188K $0.03 Direct F1
* 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 transactions reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 1, 2023 (the "10b5-1 Plan") for a stock option award set to expire on March 20, 2025. The 10b5-1 Plan is structured to include several sale periods and was established to cover the reporting person's tax liability arising from the option exercises and for longer-term asset diversification.
F2 This sale was made pursuant to the 10b5-1 Plan.
F3 This transaction was executed in multiple trades at prices ranging from $1.255 to $1.34. The price reported above reflects the weighted average 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.