Dragonfly Energy CEO reports 623-share tax withholding
Dragonfly Energy Holdings Corp. director and CEO, Interim CFO & President Denis Phares reported a tax-related share disposition.
Rhea-AI Filing Summary
Dragonfly Energy Holdings Corp. director and CEO, Interim CFO & President Denis Phares reported a tax-related share disposition. On this Form 4, 623 shares of common stock were withheld at $1.99 per share to cover tax obligations, rather than sold in the open market.
Following this tax-withholding event, Phares directly holds 167,551 shares of common stock. He also indirectly holds 13,532 shares through the Phares 2021 GRAT dated July 9, 2021, of which he is a trustee, as disclosed in the footnote.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 623 shares
Exercise Price or Tax Liability
2 txns
Insider
Phares Denis
Role
CEO, Interim CFO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 623 | $1.99 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 167,551 shares (Direct);
Common Stock — 13,532 shares (Indirect, See Footnote)
Footnotes (1)
- F1. The shares of common stock are held by the Phares 2021 GRAT dated July 9, 2021, of which the Reporting Person is a trustee.
Key Figures
Tax-withheld shares: 623 shares
Withholding price: $1.99 per share
Direct holdings after transaction: 167,551 shares
+1 more
4 metrics
Tax-withheld shares
623 shares
Common stock delivered for tax liability on Form 4
Withholding price
$1.99 per share
Value used for 623-share tax-withholding disposition
Direct holdings after transaction
167,551 shares
Common stock directly owned by Denis Phares after tax withholding
Indirect GRAT holdings
13,532 shares
Common stock held by the Phares 2021 GRAT dated July 9, 2021
Key Terms
Form 4, tax-withholding disposition, GRAT, grantor retained annuity trust
4 terms
Form 4 regulatory
"On this Form 4, 623 shares of common stock were withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax-withholding disposition financial
"623 shares of common stock were withheld ... to cover tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
GRAT financial
"held by the Phares 2021 GRAT dated July 9, 2021"
grantor retained annuity trust financial
"Phares 2021 GRAT dated July 9, 2021, of which the Reporting Person is a trustee"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Denis Phares report for Dragonfly Energy (DFLI)?
Denis Phares reported a tax-related disposition of 623 Dragonfly Energy common shares. These shares were withheld at $1.99 per share to satisfy tax obligations, rather than sold on the open market, under a Form 4 insider filing.
Was the Dragonfly Energy (DFLI) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition coded as “F,” not an open-market sale. The 623 shares of common stock were delivered to cover tax liabilities, a routine administrative event rather than a discretionary market trade.
What transaction code is used in Denis Phares’ Dragonfly Energy (DFLI) Form 4?
The Form 4 uses transaction code F, described as payment of an exercise price or tax liability by delivering securities. Here it records 623 Dragonfly Energy common shares withheld to satisfy tax obligations, not a purchase or sale on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
