Tom Einar Jensen - 15 May 2024 Form 4 Insider Report for FREYR Battery, Inc. /DE/ (TE)

Role
Director
Signature
/s/ Are L. Brautaset, as Attorney-in-Fact
Issuer symbol
TE
Transactions as of
15 May 2024
Net transactions value
+$1
Form type
4
Filing time
16 May 2024, 17:49:07 UTC
Previous filing
10 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREY Shares of Common Stock Options Exercise $707,209 +744,431 $0.9500* 744,431 15 May 2024 By Self as Co-Owner of EDGE Global LLC F1, F2
transaction FREY Shares of Common Stock Tax liability $707,208 -351,845 -47% $2.01* 392,586 15 May 2024 By Self as Co-Owner of EDGE Global LLC F1, F2

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 Warrants Options Exercise $0 -744,431 -100% $0.000000* 0 15 May 2024 Shares of Common Stock 744,431 $0.9500 By Self as Co-Owner of EDGE Global LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 15, 2024, EDGE Global LLC ("EDGE Global") exercised warrants to purchase 744,431 shares of common stock of the Issuer through cashless exercise, resulting in the withholding by the Issuer of 351,845 shares and issuing to EDGE Global the remaining 392,586 shares, based on the closing price of the Issuer's shares of common stock on May 15, 2024 of $2.01 per share.
F2 Mr. Jensen is a co-owner of EDGE Global and disclaims beneficial ownership of the warrants held by EDGE Global except to the extent of his pecuniary interest therein.

Remarks:

Title: Co-Founder and Co-Managing Partner