Key facts
- This page summarizes Kerry Propper's Form 4 filing for Dragonfly Energy Holdings Corp. (DFLI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 12 Oct 2022, 19:25.
Kerry Propper - 07 Oct 2022 Form 4 Insider Report for Dragonfly Energy Holdings Corp. (DFLI)
- Reporting relationship
- Former Director
- Issuer ticker
- DFLI
- Reported as of
- 07 Oct 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 12 Oct 2022, 19:25:12 UTC
- Prior SEC filing
- 04 Oct 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kerry Propper
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Kerry Propper filed Form 4 for Dragonfly Energy Holdings Corp. (DFLI) on 12 Oct 2022.
Change
- Previous filing in this sequence was filed on 04 Oct 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DFLI
transaction
Common Stock
Award
- Transaction value
- Shares
- +15,000
- Change %
- +3.1%
- Price
- Shares after
- 500,000
- Date
- 07 Oct 2022
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Kerry Propper is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On October 7, 2022, the Issuer consummated its initial business combination (the "Business Combination") with Dragonfly Energy Corp. In connection with the Business Combination, Chardan Capital Markets LLC ("CCM LLC") was party to a subscription agreement (the "Subscription Agreement"), pursuant to which CCM LLC agreed to purchase 500,000 shares of common stock from the Issuer for aggregate proceeds of $5 million.
Footnote F2
Under the Subscription Agreement, the number of shares CCM LLC was obligated to purchase was to be reduced by the number of shares purchased by CCM LLC in the open market (and not redeemed), and the aggregate price to be paid under the Subscription Agreement was to be reduced by the amount of proceeds received by the Issuer because such shares were not redeemed. After CCM LLC's open market purchases of 485,000 shares of common stock prior to the closing of the Business Combination, pursuant to the terms of the Subscription Agreement, CCM LLC received these 15,000 shares for no additional consideration.
Footnote F3
Represents securities held directly by CCM LLC, for which Mr. Propper is the Chairman, a co-founder and a partner. Following the closing of the Business Combination, all investment and voting power over these Issuer securities was delegated to another manager of CCM LLC, and Mr. Propper disclaims any beneficial ownership over these securities.
SEC remarks
Mr. Propper disclaims any beneficial ownership of the securities reported herein other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The inclusion of the securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose or that any of the transactions reported herein are subject to Section 16.