Form 4 for FLNC Fluence Energy, Inc.
Accepted 2023-12-12 00:00:00 ET · period of report 2023-12-08 · accession 0000950103-23-017418 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-12-12 | 2023-12-08 | FLNC | AES Grid Stability, LLC | 10% | S - Sale | $22.05 | -7.09M | 0 | -100% | -$156.28M |
| DI | 2023-12-12 | 2023-12-08 | FLNC | AES Grid Stability, LLC | 10% | C - Cnv Deriv | — | +7.09M | 7.09M | New | — |
| DI | 2023-12-12 | 2023-12-08 | FLNC | AES Grid Stability, LLC | 10% | C - Cnv Deriv | $0.00 | -7.09M | 51.50M | -12% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-08 | S | D | 7,087,500 | $22.05 | 0 | I See footnote | — | — | (F2) The OpCo Units and an equal number of shares of Class B-1 Common Stock, together are exchangeable at the discretion of the holder for, at the Issuer's election, shares of Class A Common Stock on a one-for-one basis or the cash value thereof, subject to certain exceptions, conditions and adjustments, and have no expiration date. |
| 2 | Common | Class A Common Stock | 2023-12-08 | C | A | 7,087,500 | — | 7,087,500 | I See footnote | — | — | (F1) On December 8, 2023, AES Grid Stability, LLC ("AES Grid Stability"), a wholly owned, indirect subsidiary of The AES Corporation, exercised its redemption right with respect to 7,087,500 LLC Units of Fluence Energy, LLC ("OpCo Units") together with the corresponding cancellation of 7,087,500 shares of Class B-1 Common Stock of Fluence Energy, Inc. AES Grid Stability exercised such redemption right as a result of AES Grid Stability's and The AES Corporation's determination to sell 7,087,500 shares Class A Common Stock in an underwritten offering. (F2) The OpCo Units and an equal number of shares of Class B-1 Common Stock, together are exchangeable at the discretion of the holder for, at the Issuer's election, shares of Class A Common Stock on a one-for-one basis or the cash value thereof, subject to certain exceptions, conditions and adjustments, and have no expiration date. |
| 3 | Derivative | LLC Units of Fluence Energy, LLC | 2023-12-08 | C | D | 7,087,500 | $0.00 | 51,499,195 | I See Footnote | — · — to — | 7,087,500 Class A Common Stock | (F3) The OpCo Units are held by AES Grid Stability, LLC, which is a wholly owned subsidiary of The AES Corporation. (F2) The OpCo Units and an equal number of shares of Class B-1 Common Stock, together are exchangeable at the discretion of the holder for, at the Issuer's election, shares of Class A Common Stock on a one-for-one basis or the cash value thereof, subject to certain exceptions, conditions and adjustments, and have no expiration date. |