Form 4: Freyr Battery Director Exercises Warrants, Resulting in Share Withholding
SEC Form 4
Tom Einar Jensen, a director at FREYR Battery, exercised warrants through EDGE Global LLC, leading to the acquisition and subsequent withholding of shares.
Summary
- On May 15, 2024, EDGE Global LLC, co-owned by FREYR Battery director Tom Einar Jensen, exercised warrants to purchase 744,431 shares of common stock.
- The exercise was cashless, resulting in FREYR withholding 351,845 shares to cover the exercise price.
- EDGE Global received the remaining 392,586 shares.
- The closing price of FREYR's common stock on May 15, 2024, was $2.01 per share.
- The exercise price of the warrants was $0.95.
Sentiment
Score: 5
Explanation: Neutral. This is a standard regulatory filing detailing the exercise of warrants. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides insight into the actions of company directors regarding their holdings.
Key Dates
| Date | Description |
|---|---|
| 09/07/2021 | Original date of warrants |
| 05/15/2024 | Date of warrant exercise |
| 05/15/2024 | Warrant Expiration Date |
| 05/17/2024 | Date of signature |
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