JAN H. LOEB - 01 Dec 2022 Form 4 Insider Report for ACORN ENERGY, INC. (ACFN)

Role
President and CEO, Director, 10%+ Owner
Signature
Jan H. Loeb
Issuer symbol
ACFN
Transactions as of
01 Dec 2022
Net transactions value
+$17,865
Form type
4
Filing time
03 Jan 2023, 08:13:18 UTC
Previous filing
23 Sep 2022
Next filing
06 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACFN common stock Purchase $6,500 +20,000 +0.93% $0.3250 2,176,518 01 Dec 2022 Direct
transaction ACFN common stock Purchase $4,316 +14,386 +0.66% $0.3000 2,190,904 27 Dec 2022 Direct
transaction ACFN common stock Purchase $7,049 +22,028 +1% $0.3200 2,212,932 28 Dec 2022 Direct
holding ACFN common stock 1,366,666 01 Dec 2022 by IRA
holding ACFN common stock 4,372,017 01 Dec 2022 by LLC F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACFN stock options Award $0 +35,000 $0.000000 35,000 01 Jan 2023 common stock 35,000 $0.3500 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held by Leap Tide Capital Acorn LLC, of which Mr. Loeb is the sole manager.
F2 Granted pursuant to the terms of a consulting agreement between the reporting person and the issuer.
F3 One-fourth of the options are immediately exercisable; an additional one-fourth become exercisable on each of 4/1/23, 7/1/23 and 10/1/23.
F4 Options expire on the earlier of (a) 1/1/30 and (b) 18 months from the date the reporting person ceases to be a director, officer, employee or consultant.