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

Role
Chief Sales Officer
Signature
/s/ Gery Bonduelle
Stock symbol
FREY
Transactions as of
Aug 8, 2024
Transactions value $
$0
Form type
3
Date filed
8/19/2024, 05:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FREY Shares of Common Stock 2K Aug 8, 2024 Direct

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 Warrants Aug 8, 2024 Shares of Common Stock 50K $11.50 Direct F1
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 59.7K $6.57 Direct F2
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 1.19K $10.00 Direct F3
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 100K $10.00 Direct F4
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 56.8K $8.47 Direct F5
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 64.5K $7.55 Direct F6
holding FREY Stock Options (right to buy) Aug 8, 2024 Shares of Common Stock 126K $1.55 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of warrants transferred to the holder in 2021 from Alussa Energy Sponsor LLC, one of the parties to the merger of the issuer's predecessor entity. Each outstanding warrant became exercisable for one share of Common Stock at an exercise price of $11.50 within 60 days of July 9, 2021.
F2 Consists of compensatory options which vest annually over three years granted on January 29, 2021 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 January 29, 2022, one-third (1/3) vested on January 29, 2023, and one-third (1/3) vested on January 29, 2024. Options are typically forfeited when the employment relationship ends for employees.
F3 Consists of compensatory options which vest annually over three years granted on July 9, 2021 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 July 9, 2022, one-third (1/3) vested on July 9, 2023, and one-third (1/3) vested on July 9, 2024. Options are typically forfeited when the employment relationship ends for employees.
F4 Consists of compensatory options which vest annually over three years granted on September 1, 2021 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 1, 2022, one-third (1/3) vested on September 1, 2023, and one-third (1/3) vest on September 1, 2024 . Options are typically forfeited when the employment relationship ends for employees.
F5 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.
F6 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.
F7 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