Jeremy Bezdek - Jan 15, 2024 Form 4/A Insider Report for FREYR Battery, Inc. /DE/ (FREY)

Role
Officer title: Executive Vice President, Corporate Development
Signature
/s/ Are L. Brautaset, as Attorney-in-Fact
Stock symbol
FREY
Transactions as of
Jan 15, 2024
Transactions value $
$0
Form type
4/A
Date filed
4/24/2024, 09:14 AM
Date Of Original Report
Jan 17, 2024
Previous filing
Jan 10, 2024

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 FREY Stock Options (right to buy) Award $0 +114K $0.00 114K Jan 15, 2024 Shares of Common Stock 114K $1.55 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4, filed on January 17, 2024, is being amended by this Form 4 to correct an administrative error that misreported the number of options granted to the reporting person on January 15, 2024. This amendment correctly reports the number of options granted to the reporting person on January 15, 2024.
F2 Consists of compensatory options which vest annually over three years granted on January 15, 2024 pursuant to the FREYR 2021 Equity Incentive Plan (amended and restated as of May 10, 2023). Of the shares subject to compensatory options, one-third (1/3) vest on January 15, 2025, one-third (1/3) vest on January 15, 2026, and one-third (1/3) vest on January 15, 2027. Options are typically forfeited when the employment relationship ends for employees.

Remarks:

Officer title: Executive Vice President, Corporate Development