Flux Power Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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Dec 31, 2023 · Filed Feb 8, 2024
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Item 5. OTHER INFORMATION
Insider Trading Arrangements and Policies
On October 30, 2023, Esenjay Investments, LLC, a Delaware limited liability company, of which Michael Johnson is its sole director and beneficial owner and a member of our Board of Directors, terminated a pre-existing “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) to sell shares of the Company’s common stock (the “Esenjay Plan”). The Esenjay Plan was originally entered into on February 16, 2023 and contemplated the sale of up to 625,384 shares of the Company’s Common Stock between February 24, 2023 to December 31, 2023, subject to any applicable volume limitations and during an authorized sales period. The Esenjay Plan was intended to satisfy the affirmative defense Rule of 10b5-1(c). 166,089 shares were sold under the Plan prior to its termination in accordance with its terms.
Other than disclosed above, no other officer or director adopted, modified orterminated a Rule 10b5-1 trading arrangement or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) during the three months ended December 31, 2023.
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