(TE)

Role: Director
Signature: /s/ Are L. Brautaset, as Attorney-in-Fact
Issuer symbol: TE
Transactions as of: 15 May 2024
Net transactions value: +$2
Form type: 4
Filing time: 16 May 2024, 17:54:53 UTC
Previous filing: 10 Jan 2024
Next filing: 29 Aug 2025
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	+63%	$0.9500^*	1,925,757	15 May 2024	Direct	F1
transaction	FREY	Shares of Common Stock	Tax liability	$707,208	-351,845	-18%	$2.01^*	1,573,912	15 May 2024	Direct	F1
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	Direct
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, the Reporting Persons each 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 (with respect to each Reporting Person) and issuing to each Reporting Person 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. Matrai is a co-owner of EDGE Global LLC ("EDGE Global") and disclaims beneficial ownership of the warrants held by EDGE Global except to the extent of his pecuniary interest therein.

Content

On May 15, 2024, the Reporting Persons each 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 (with respect to each Reporting Person) and issuing to each Reporting Person 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.

Mr. Matrai is a co-owner of EDGE Global LLC ("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