[Form 4] Energy Focus, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Energy Focus (NASDAQ:EFOI) filed a Form 4 reporting insider purchases by Chief Executive Officer, Director and 10% owner Chiao Chieh Huang.

Huang acquired 103,627 shares of common stock on March 27 2025 at $1.93 and an additional 110,497 shares on June 23 2025 at $1.81. Following the transactions, his direct ownership increased to 894,660 shares.

The filing also lists 1,005,457 shares held indirectly through controlled affiliates—Sander Electronics, Sander Electronic Co., Ltd., and Inwood Holding Ltd.—bringing Huang’s total reported beneficial ownership to roughly 1.9 million shares.

The two open-market purchases total 214,124 shares, a gain of more than 14 % versus Huang’s post-March direct stake and represent an outlay of about $0.4 million, signalling increased executive confidence in Energy Focus’s prospects.

Insights

Insider Activity Analyst

CEO adds 214k shares (>14% stake boost); modest cash, but bullish alignment.

The filing shows the company’s most influential insider strengthening his position through two open-market buys at $1.81–$1.93. The share count exceeds 5 % of his prior direct holdings, satisfying materiality thresholds for Form 4 significance. While the dollar amount (~$0.4 million) is below the typical $0.5 million benchmark, the percentage increase and the buyer’s status as CEO and 10 % owner lend weight. No sales were reported, and all transactions were coded "P" (purchase), eliminating mixed signals. In isolation, this activity is a constructive sentiment indicator for shareholders, although broader fundamentals are not addressed in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Huang Chiao Chieh

(Last) (First) (Middle)

32000 AURORA RD.

SUITE B

(Street)

SOLON OH 44139

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENERGY FOCUS, INC/DE [ EFOI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/27/2025	03/27/2025	P	V	103,627	A	$1.93	784,163	D
Common Stock	06/23/2025	06/23/2025	P	V	110,497	A	$1.81	894,660	D
Common Stock								42,788	I	Shares held by Sander Electronics, a controlled affiliate of Mr. Huang.
Common Stock								534,592	I	Shares held by SANDER ELECTRONIC CO., LTD., a controlled affiliate of Mr. Huang.
Common Stock								428,077	I	Shares held by INWOOD HOLDING LIMITED, a controlled affiliate of Mr. Huang.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Gianas Randy Harrison, as Attorney-in-Fact	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many EFOI shares did CEO Chiao Chieh Huang buy on June 23, 2025?

The Form 4 reports a purchase of 110,497 common shares at $1.81 each on June 23 2025.

What was the size and price of Huang’s purchase on March 27, 2025?

Huang acquired 103,627 shares at $1.93 per share on March 27 2025.

What is Huang’s total direct ownership after the reported transactions?

After the June 23 transaction, Huang directly owns 894,660 Energy Focus shares.

How many EFOI shares does Huang hold indirectly through affiliates?

The filing discloses 1,005,457 shares held indirectly via Sander Electronics, Sander Electronic Co., Ltd., and Inwood Holding Limited.

Does the Form 4 indicate any share sales by Huang in 2025?

No; the filing only lists open-market purchases, with no disposals reported.