(FREY)

Role: Chief Financial Officer
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, 09:18 AM
Date Of Original Report: Jan 17, 2024
Previous filing: Jan 10, 2024
Next filing: Feb 14, 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	+116K		$0.00	116K	Jan 15, 2024	Shares of Common Stock	116K	$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.

Content

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.

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.