Walters-Hoffert Lisa's Form 4/A amendment
AmendedFlux Power Holdings, Inc. (FLUX) · filed Apr 30, 2024
- Accession no.
- 0001493152-24-017314
- Filed
- Apr 30, 2024
- Trade date
- Apr 18-22, 2024
- Filing delay
- 12 days
- Rule 10b5-1 plan
- Checked
- Original filed
- Apr 22, 2024
This filing lists 2 non-derivative transactions and 2 derivative transactions. Open-market sales total $23.8K. It was filed 12 days after the trade.
This amendment replaces 0001493152-24-015623 (filed Apr 22, 2024).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Walters-Hoffert LisaCIK 0001711576 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents the number of common stock issued upon the vesting of 16,883 restricted stock units ("RSUs"), which converted into the Issuer's common stock on a one-for-one basis.
- F2
This award was granted on April 20, 2023. 16,883 RSUs vested on April 20, 2024.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F3
This transaction was entered into pursuant to a Rule 10b5-1 trading plan previously adopted by Lisa Walters-Hoffert on June 13, 2023.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in the open market in multiple transactions, at prices ranging from $4.02 to $4.10, inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.
Referenced by the price of 1 transaction in Table I.
- F5
Represents a grant of RSUs on April 18, 2024, pursuant to the Issuer's 2021 Equity Incentive Plan in a transaction exempt under Rule 16b-3 to the Reporting Person, who is a non-executive director with the Issuer, in connection with services. Each RSU represents a contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Subject to the conditions of the Restricted Stock Unit Award Agreement, the RSUs are scheduled to vest on April 18, 2025, which is one year from the date of grant.
Referenced by the price of 1 transaction in Table II.
- F6
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 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.
Referenced by the price of 1 transaction in Table I.
Remarks
Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated April 29, 2024). This Form 4/A is being filed to clarify that the sale reported was to satisfy tax withholding obligations in connection with the vesting and settlement of the RSUs to be funded by a "sell to cover" transaction.