Sonia Gilde S. Rathscheck - Aug 8, 2024 Form 3 Insider Report for FREYR Battery, Inc. /DE/ (FREY)

Role
Chief of Staff
Signature
/s/ Sonia Gilde S. Rathscheck
Stock symbol
FREY
Transactions as of
Aug 8, 2024
Transactions value $
$0
Form type
3
Date filed
8/19/2024, 05:24 PM

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
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 1.25K $8.47 Direct F1
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 76.2K $1.62 Direct F2
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 95K $1.55 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of compensatory options which vest annually over three years granted on June 9, 2022 pursuant to the FREYR 2021 Equity Incentive Plan (amended and restated as of April 22, 2024). Of the shares subject to compensatory options, one-third (1/3) vested on June 9, 2023, one-third (1/3) vested on June 9, 2024, and one-third (1/3) vest on June 9, 2025. Options are typically forfeited when the employment relationship ends for employees.
F2 Consists of compensatory options which vest annually over three years granted on November 21, 2023 pursuant to the FREYR 2021 Equity Incentive Plan (amended and restated as of April 22, 2024). Of the shares subject to compensatory options, one-third (1/3) vest on November 21, 2024, one-third (1/3) vest on November 21, 2025, and one-third (1/3) vest on November 21, 2026. Options are typically forfeited when the employment relationship ends for employees.
F3 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 April 22, 2024). 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:

Exhibit List Exhibit 24.1 - Power of Attorney