Evan Joseph Calio - Jan 1, 2025 Form 4 Insider Report for FREYR Battery, Inc. /DE/ (FREY)

Role: Chief Financial Officer
Signature: By: /s/ Evan Joseph Calio
Stock symbol: FREY
Transactions as of: Jan 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/3/2025, 04:15 PM
Previous filing: Dec 16, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FREY	Common Stock	Award	$0	+500K	+73.48%	$0.00	1.18M	Jan 1, 2025	Direct	F1, F2

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	FREY	Restricted Stock Units (RSUs)	Award	$0	+1M	+78.9%	$0.00	2.27M	Jan 1, 2025	Shares of Common Stock	1M		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of RSUs vested on the date of issuance.
F2	The RSUs will be net settled in shares of Common Stock.
F3	Each RSU represents a right to receive one share of Common Stock granted pursuant to the FREYR Battery, Inc. 2021 Equity Incentive Plan (as amended and restated).
F4	The RSUs will vest ratably on an accelerated basis from the January 1, 2025 grant date. One-third (1/3) of the units vested on January 1, 2025. One-third (1/3) of the units shall vest on January 1, 2026. One-third (1/3) of the units shall vest on January 1, 2027.