Desmond Wheatley - Jun 3, 2024 Form 4 Insider Report for Beam Global (BEEM)

Role
Chief Executive Officer, Director
Signature
/s/ Desmond Wheatley
Stock symbol
BEEM
Transactions as of
Jun 3, 2024
Transactions value $
-$2,570
Form type
4
Date filed
6/5/2024, 01:55 PM
Previous filing
Jul 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEEM Common Stock Sale -$2.57K -437 -0.43% $5.88 100K Jun 3, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in Form 4 were effective pursuant to Rule 10b5-1 trading plan. The shares were sold to satisfy the withholding and tax obligations related to the issuance of shares upon the vesting of restricted stock previously granted to the reporting person.

Remarks:

The Rule 10b5-1(c) plan was adopted on 2/10/23.