Flux Power director converts 50,000 RSUs to shares
Flux Power Holdings director and 10% owner Michael Johnson exercised 50,000 restricted stock units on May 28, 2026, converting them into 50,000 shares of common stock at a price of $0.00 per share.
Rhea-AI Filing Summary
Flux Power Holdings director and 10% owner Michael Johnson exercised 50,000 restricted stock units on May 28, 2026, converting them into 50,000 shares of common stock at a price of $0.00 per share. These RSUs were originally granted on May 28, 2025 and vested one year later.
After the conversion, Johnson directly holds 106,311 shares of Flux Power common stock. He also indirectly holds 4,061,799 shares through Esenjay Investments, L.L.C., where he is the sole director and beneficial owner. The company notes this RSU grant had previously not been reported due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
4 txns
Insider
Johnson Michael
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 106,311 shares (Direct);
Common Stock — 4,061,799 shares (Indirect, Esenjay Investments, L.L.C.)
Footnotes (3)
- F1. On May 28, 2025, the reporting person was granted restricted stock units ("RSUs"), which vested on May 28, 2026. Upon vesting, each RSU converted into one share of the Issuer's common stock.
- F2. The Reporting Person is the sole director and beneficial owner of Esenjay Investments, L.L.C.
- F3. Due to an administrative error, this grant was not previously reported.
Key Figures
RSUs converted: 50,000 units
Exercise price: $0.00 per share
Direct holdings after transaction: 106,311 shares
+3 more
6 metrics
RSUs converted
50,000 units
Restricted stock units vested and converted May 28, 2026
Exercise price
$0.00 per share
Conversion of RSUs into Flux Power common stock
Direct holdings after transaction
106,311 shares
Flux Power common stock held directly by Michael Johnson
Indirect holdings
4,061,799 shares
Common stock held through Esenjay Investments, L.L.C.
RSU grant date
May 28, 2025
Date 50,000 RSUs were granted to Michael Johnson
RSU vesting date
May 28, 2026
Each RSU converted into one share of common stock
Key Terms
Restricted Stock Units, beneficial owner, grant, award, or other acquisition, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"the reporting person was granted restricted stock units ("RSUs"), which vested on May 28, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficial owner financial
"The Reporting Person is the sole director and beneficial owner of Esenjay Investments, L.L.C."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Flux Power (FLUX) report for Michael Johnson?
Flux Power reported that director and 10% owner Michael Johnson converted 50,000 restricted stock units into 50,000 shares of common stock. The RSUs vested on May 28, 2026, and were settled at an exercise price of $0.00 per share.
What was the size and nature of the RSU grant reported by Flux Power (FLUX)?
The Form 4 shows a grant of 50,000 restricted stock units to Michael Johnson on May 28, 2025. These RSUs vested on May 28, 2026, and each unit converted into one share of Flux Power common stock at a price of $0.00 per share.
Was there any issue with the timing of the RSU reporting at Flux Power (FLUX)?
Yes. A footnote explains that the 50,000 restricted stock unit grant dated May 28, 2025 had not been previously reported due to an administrative error. The current Form 4 corrects that oversight and details the vesting and conversion into common stock.
How are Michael Johnson’s indirect Flux Power (FLUX) holdings structured?
Michael Johnson’s indirect ownership consists of 4,061,799 Flux Power common shares held by Esenjay Investments, L.L.C. A footnote states he is the sole director and beneficial owner of Esenjay Investments, which holds these shares on his behalf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
