Form 4 for FLUX Flux Power Holdings, Inc.
Accepted 2023-10-31 00:00:00 ET · period of report 2023-10-27 · accession 0001493152-23-038926 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-10-31 | 2023-10-27 | FLUX | DUTT RONALD F | CEO, Pres, Dir | M - OptEx | — | +4,020 | 42.2K | +11% | — |
| D | 2023-10-31 | 2023-10-31 | FLUX | DUTT RONALD F | CEO, Pres, Dir | S - Sale+OE | $3.30 | -582 | 41.7K | -1% | -$1,921 |
| D | 2023-10-31 | 2023-10-27 | FLUX | DUTT RONALD F | CEO, Pres, Dir | M - OptEx | — | -4,020 | 4,021 | -50% | — |
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 | Common Stock | 2023-10-27 | M | A | 4,020 | — | 42,233 | D | — | — | (F1) Represents a grant of restricted stock units ("RSUs") subject to the conditions of the Restricted Stock Unit Award Agreement pursuant to the Issuer's 2014 Equity Incentive Plan (the "Original Grant") on October 27, 2021. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 1/3 of the Original Grant vested on October 27, 2022, and a subsequent 1/3 of the Original Grant vested on October 27, 2023. The remaining 1/3 of the Original Grant is scheduled to vest on October 27, 2024. |
| 2 | Common | Common Stock | 2023-10-31 | S | D | 582 | $3.30 | 41,651 | D | — | — | (F3) The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is made to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. (F2) The price reported in Column 4 is the actual price. These shares were sold in the open market in multiple transactions, all at the stated price of $3.30 per share. |
| 3 | Derivative | Restricted Stock Units | 2023-10-27 | M | D | 4,020 | — | 4,021 | D | — · — to — | 4,020 Common Stock | (F1) Represents a grant of restricted stock units ("RSUs") subject to the conditions of the Restricted Stock Unit Award Agreement pursuant to the Issuer's 2014 Equity Incentive Plan (the "Original Grant") on October 27, 2021. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 1/3 of the Original Grant vested on October 27, 2022, and a subsequent 1/3 of the Original Grant vested on October 27, 2023. The remaining 1/3 of the Original Grant is scheduled to vest on October 27, 2024. |