Orion Energy Systems CFO Brodin buys 2,000 shares

The option grants are subject to three share-price thresholds and continued employment through the applicable vesting dates.

Available on EDGAR 11/10/2026 - 05:20 PM EST Accepted by SEC EDGAR 11/10/2026 - 05:19 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Orion Energy Systems, Inc. EVP, CFO, CAO & Treasurer J. Per Brodin purchased 2,000 common shares on November 10, 2026, at a weighted average price of $12.76 per share; actual prices ranged from $12.50 to $13.25. He directly held 87,263 shares after the purchase. No Rule 10b5-1 plan is reported.

Brodin also held two direct option grants: options for 17,500 shares at an exercise price of $19.75, expiring August 11, 2036, and options for 12,500 shares at $6.00, expiring July 17, 2035. Each grant becomes exercisable, if at all, in three equal increments tied to stock-price thresholds and continued employment.

Insider Trade Summary

Net Buyer: 2,000 shares

Net Buy 1 txn

Insider BRODIN J PER

Role EVP, CFO, CAO & Treasurer

Bought 2,000 shs ($26K)

Increase in Position 2.3%

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	2,000	$12.76	$26K
Holding	Stock Options (right to buy) F2	--	--	--
Holding	Stock Options (right to buy) F3	--	--	--

Holdings After Transaction: Common Stock — 87,263 shares (Direct); Stock Options (right to buy) — 30,000 options (Direct)

Holdings Before and After: Common Stock, 85,263 to 87,263 shares (Direct)

Footnotes (3)

1. F1. The price in Column 4 is a weighted average price. The prices actually received ranged from $12.50 to $13.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
2. F2. Option to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted August 11, 2026 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Brodin remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.
3. F3. ption to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted July 18, 2025 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Brodin remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.

Key Figures

Common shares purchased: 2,000 shares Weighted average purchase price: $12.76 per share Direct shares following purchase: 87,263 shares +4 more

7 metrics

Common shares purchased 2,000 shares November 10, 2026

Weighted average purchase price $12.76 per share Actual prices ranged from $12.50 to $13.25

Direct shares following purchase 87,263 shares After the November 10, 2026 purchase

Shares underlying option grant 17,500 shares Exercise price $19.75 per share; expires August 11, 2036

Option exercise price $19.75 per share Option grant for 17,500 underlying shares

Shares underlying option grant 12,500 shares Exercise price $6.00 per share; expires July 17, 2035

Option exercise price $6.00 per share Option grant for 12,500 underlying shares

Key Terms

weighted average price, exercisable, vesting date, 2016 Omnibus Incentive Plan

4 terms

weighted average price financial

"The price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

exercisable financial

"becomes exercisable, if at all, in three equal increments"

vesting date financial

"until the applicable vesting date"

2016 Omnibus Incentive Plan technical

"granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many OESX shares did J. Per Brodin buy, and at what price?

J. Per Brodin purchased 2,000 common shares on November 10, 2026, at a weighted average price of $12.76 per share. The actual prices ranged from $12.50 to $13.25, and he directly held 87,263 shares after the purchase.

What conditions apply to J. Per Brodin’s OESX stock options?

The two grants become exercisable, if at all, in three equal increments if the average closing sale price reaches or exceeds $30, $40, and $50, respectively, for five consecutive trading days during the three calendar years immediately following each grant. Brodin must remain employed through the applicable vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

BRODIN J PER

(Last) (First) (Middle)

2210 WOODLAND DRIVE

(Street)

MANITOWOC WISCONSIN 54220

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ORION ENERGY SYSTEMS, INC. [ OESX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO, CAO & Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

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

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

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

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	11/10/2026		P		2,000	A	$12.76(1)	87,263	D

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
Stock Options (right to buy)	$19.75							(2)	08/11/2036	Common Stock	17,500		17,500	D
Stock Options (right to buy)	$6							(3)	07/17/2035	Common Stock	12,500		12,500	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. The prices actually received ranged from $12.50 to $13.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

2. Option to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted August 11, 2026 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Brodin remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.

3. ption to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted July 18, 2025 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Brodin remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.

Remarks:

Exhibit 24 Power of Attorney

	/s/ Garrett F. Bishop, Attorney-in-Fact for J. Per Brodin	11/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)