Paul Shoun - Jan 16, 2024 Form 4 Insider Report for Expion360 Inc. (XPON)

Signature
/s/ Gregory Aydelott, Attorney-in-Fact for Paul Shoun
Stock symbol
XPON
Transactions as of
Jan 16, 2024
Transactions value $
$0
Form type
4
Date filed
1/17/2024, 08:59 PM
Previous filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPON Common Stock Award $0 -2.64K -0.75% $0.00 348K Jan 16, 2024 Direct F1
transaction XPON Common Stock Award $0 -2.98K -0.84% $0.00 351K Jan 16, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units ("RSUs") made to the Reporting Person under the Issuer's 2021 Incentive Award Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's common stock, par value $0.001 per share ("Common Stock"). The number of RSUs granted is equal to $12,000 divided by the closing price of the Common Stock on the grant date, which was January 16, 2024. The RSUs shall vest in four equal installments on January 16, 2024, April 1, 2024, July 1, 2024 and October 1, 2024, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F2 Reflects a grant of RSUs made to the Reporting Person under the Plan. The number of RSUs granted is equal to $13,520 divided by the closing price of the Common Stock on the grant date, which was January 16, 2024. The RSUs vested in full on January 16, 2024.
F3 Includes (i) 5,620 RSUs granted to the Reporting Person on January 16, 2024 under the Plan, which are subject to vesting as reported above, (ii) 208,332 shares of Common Stock issuable upon exercise of vested options issued to the Reporting Person under the Plan, and (iii) 137,471 shares of Common Stock owned directly by the Reporting Person.