Form 4: Flux Power Director Lisa Walters-Hoffert Reports Stock Transactions
SEC Form 4 Filing
Lisa Walters-Hoffert, a director at Flux Power Holdings, reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 29, 2024, Lisa Walters-Hoffert, a director at Flux Power Holdings, reported transactions involving the company's stock.
- 1,526 restricted stock units (RSUs) vested and were converted into common stock on a one-for-one basis.
- These RSUs were part of an award granted on April 29, 2021, under the company's 2014 Equity Incentive Plan, vesting in three equal installments annually.
- Walters-Hoffert sold 534 shares at $4.50 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Walters-Hoffert directly owns 27,050 shares of Flux Power Holdings.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company directors and officers.
Key Dates
| Date | Description |
|---|---|
| 04/29/2021 | Date of original grant of 4,578 RSUs. |
| 04/29/2022 | One third of the original grant of 4,578 RSUs vested. |
| 04/29/2023 | A subsequent one third of the original grant vested. |
| 06/13/2023 | Date Lisa Walters-Hoffert adopted the Rule 10b5-1 trading plan. |
| 04/29/2024 | Date of RSU vesting and stock sale. |
| 04/30/2024 | Date of Form 4 filing. |
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