Form 4: Flux Power Holdings Director Michael Johnson Reports Stock Transactions
SEC Form 4 Filing
Director Michael Johnson reports the vesting of restricted stock units and subsequent conversion to common stock, along with adjustments to beneficial ownership.
Summary
- On April 18, 2025, Michael Johnson, a director and 10% owner of Flux Power Holdings, Inc., reported transactions involving the company's stock.
- 17,057 restricted stock units (RSUs) vested and were converted into common stock on a one-for-one basis.
- Following the transaction, Johnson directly owns 56,311 shares and indirectly owns 4,148,680 shares through Esenjay Investments, LLC.
- Esenjay Investments, LLC is a Delaware limited liability company of which Johnson is the sole director and beneficial owner.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to understand the sentiment and actions of company insiders.
Stakeholder Impact
- The vesting of RSUs and subsequent sale of shares could slightly dilute existing shareholders' equity.
Key Dates
| Date | Description |
|---|---|
| April 18, 2024 | Date the restricted stock units were granted. |
| May 21, 2024 | Date of previously filed Power of Attorney. |
| April 18, 2025 | Date of RSU vesting and stock conversion. |
| April 21, 2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, FLUX, Flux Power Holdings, Michael Johnson, Esenjay Investments
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.