Form 4: Beam Global Director Judy Krandel Acquires 40,453 Shares of Common Stock

Beam Global director Judy Krandel acquired 40,453 shares of common stock through a restricted stock award, with vesting occurring in four tranches throughout 2025.

Summary

• Judy Krandel, a director at Beam Global, acquired 40,453 shares of common stock on January 2, 2025.
• The acquisition was part of a restricted stock award.
• The shares were acquired at a price of $3.09 per share.
• The price was determined by the average daily closing price of BEEM's common stock from November 29, 2024, to December 31, 2024.
• The shares vest in four equal installments of 25% each on March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025.
• Following the transaction, Ms. Krandel beneficially owns 61,443 shares of Beam Global common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of a director receiving a stock award, which is generally positive for aligning interests. There are no negative implications.

Positives

• The grant of restricted stock to a director aligns their interests with the long-term success of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted stock award vests in four tranches throughout 2025, aligning the director's interests with the company's performance over the year.

Industry Context

Stock awards to directors are a common practice to incentivize and align their interests with the company's performance. This is a standard method of compensation in publicly traded companies.

Comparison to Industry Standards

• Restricted stock awards are a common form of compensation for directors in publicly traded companies, similar to practices at companies like Tesla (TSLA) and SunPower (SPWR).
• The vesting schedule of 25% per quarter is a fairly standard approach to ensure long-term commitment, comparable to vesting schedules seen at companies like Enphase Energy (ENPH) and ChargePoint (CHPT).
• The valuation method based on the average closing price over a period is also a common practice, similar to how stock options are priced at many companies.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders, potentially leading to better decision-making.
• The vesting schedule encourages the director's continued service and commitment to the company.

Key Dates

Keywords

Beam Global, stock acquisition, restricted stock, insider trading, Judy Krandel, director, equity, vesting