Michael Brose - Aug 8, 2024 Form 3 Insider Report for FREYR Battery, Inc. /DE/ (FREY)

Role
Chief Operating Officer
Signature
/s/ Michael Brose
Stock symbol
FREY
Transactions as of
Aug 8, 2024
Transactions value $
$0
Form type
3
Date filed
8/19/2024, 05:27 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 25.9K $12.95 Direct F1
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 100K $14.37 Direct F2
holding FREY Shares of Common Stock Aug 8, 2024 Stock Options (right to buy) 53.8K $7.55 Direct F3
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 101K $1.55 Direct F4
* 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 September 7, 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 September 7, 2023, one-third (1/3) vest on September 7, 2024, and one-third (1/3) vest on September 7, 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 22, 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 November 22, 2023, one-third (1/3) vest on November 22, 2024, and one-third (1/3) vest on November 22, 2025. Options are typically forfeited when the employment relationship ends for employees.
F3 Consists of compensatory options which vest annually over three years granted on May 22, 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) vested on May 22, 2024, one-third (1/3) vest on May 22, 2025, and one-third (1/3) vest on May 22, 2026. Options are typically forfeited when the employment relationship ends for employees.
F4 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