T1 Energy director nets 392K shares in warrant move

T1 Energy Inc. (TE) director Matrai Balazs Peter amended a prior Form 4 to correct that earlier-reported indirect holdings in EDGE Global LLC actually belong solely to co-owner Tom Einar Jensen and have never been his beneficial ownership.

Rhea-AI Filing Summary

T1 Energy Inc. (TE) director Matrai Balazs Peter amended a prior Form 4 to correct that earlier-reported indirect holdings in EDGE Global LLC actually belong solely to co-owner Tom Einar Jensen and have never been his beneficial ownership. On May 15, 2024, Matrai exercised 744,431 warrants for common stock at a $0.95 exercise price via a cashless exercise. The issuer withheld 351,845 shares to cover the exercise price or tax obligations and issued 392,586 shares of common stock to Matrai. All EDGE Global-related indirect rows were removed in this amendment; Matrai’s direct holdings from the original filing remain unchanged.

Insider Trade Summary

744,431 shares exercised/converted

Exercise 3 txns

Insider Matrai Balazs Peter

Role Director

Type	Security	Shares	Price	Value
Exercise	Warrants	744,431	$0.00	$0.00
Exercise	Common Stock F1	744,431	$0.95	$707K
Exercise Price or Tax Liability	Common Stock	351,845	$2.01	$707K

Holdings After Transaction: Warrants — 0 contracts (Direct); Common Stock — 1,573,912 shares (Direct)

Footnotes (1)

1. F1. On May 15, 2024, the Reporting Person exercised warrants to purchase 744,431 shares of common stock of the Issuer through cashless exercise, resulting in the withholding by the Issuer of 351,845 shares and issuing to the Reporting Person the remaining 392,586 shares, based on the closing price of the Issuer's shares of common stock on May 15, 2024 of $2.01 per share.

Key Figures

Warrants exercised: 744,431 warrants Warrant exercise price: $0.95 per share Shares withheld: 351,845 shares +3 more

6 metrics

Warrants exercised 744,431 warrants Exercised on May 15, 2024 via cashless exercise

Warrant exercise price $0.95 per share Exercise or conversion price of warrants into common stock

Shares withheld 351,845 shares Shares withheld by issuer for exercise price or tax liability in cashless exercise

Shares issued to reporting person 392,586 shares Net common shares issued upon cashless exercise on May 15, 2024

Closing price on exercise date $2.01 per share Closing price of issuer’s common stock on May 15, 2024 used for cashless exercise

Warrant expiration date May 15, 2024 Expiration date of the exercised warrants

Key Terms

cashless exercise, beneficial ownership, Section 16 reporting obligations, warrants

4 terms

cashless exercise financial

"exercised warrants to purchase 744,431 shares ... through cashless exercise"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

beneficial ownership financial

"have never represented a beneficial ownership interest of the Reporting Person"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 reporting obligations regulatory

"is no longer subject to Section 16 reporting obligations with respect"

warrants financial

"exercised warrants to purchase 744,431 shares of common stock"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

FAQ

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

What insider transaction did Matrai Balazs Peter report in this amended Form 4 for TE?

Matrai Balazs Peter reported exercising 744,431 warrants for T1 Energy Inc. common stock on May 15, 2024 through a cashless exercise, resulting in the issuance of 392,586 shares to him and the withholding of 351,845 shares by the issuer.

How many T1 Energy Inc. (TE) shares did the issuer withhold in the cashless warrant exercise?

In the cashless exercise on May 15, 2024, T1 Energy Inc. withheld 351,845 shares of common stock and issued the remaining 392,586 shares to Matrai Balazs Peter, based on a closing price of $2.01 per share.

What correction does this Form 4/A make regarding TE insider holdings?

The amendment removes indirect holdings previously reported "By Self as Co-Owner of EDGE Global LLC." It states that the 744,431 warrants and resulting 392,586 shares belong solely to Tom Einar Jensen through EDGE Global and were never beneficially owned by Matrai Balazs Peter.

How many T1 Energy Inc. (TE) warrants did Matrai exercise and at what exercise price?

Matrai Balazs Peter exercised 744,431 warrants for T1 Energy Inc. common stock, with an exercise price of $0.95 per share. The warrants expired on May 15, 2024 and were exercised via a cashless method.

Were the TE insider transactions under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is explicitly unchecked, indicating the reported transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/26/2026 - 07:05 PM EDT Accepted by SEC EDGAR 08/26/2026 - 07:05 PM EDT Learn about SEC filing dates

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^*

Matrai Balazs Peter

(Last) (First) (Middle)

1211 E 4TH ST.

(Street)

AUSTIN TEXAS 78702

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
T1 Energy Inc. [ TE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2024

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)
05/16/2024

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	05/15/2024		M		744,431(1)	A	$0.95	1,925,757	D
Common Stock	05/15/2024		F		351,845	D	$2.01	1,573,912	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
Warrants	$0.95	05/15/2024		M			744,431	09/07/2021	05/15/2024	Shares of Common Stock	744,431	$0	0	D

Explanation of Responses:

1. On May 15, 2024, the Reporting Person exercised warrants to purchase 744,431 shares of common stock of the Issuer through cashless exercise, resulting in the withholding by the Issuer of 351,845 shares and issuing to the Reporting Person the remaining 392,586 shares, based on the closing price of the Issuer's shares of common stock on May 15, 2024 of $2.01 per share.

Remarks:

This amendment to the Form 4 originally filed on May 16, 2024, (the "Original Form 4"), is being filed to correct an error in the Original Form 4. The Reporting Person and Tom Einar Jensen are co-owners of EDGE Global LLC ("EDGE Global"). The Original Form 4 included indirect holdings reported "By Self as Co-Owner of EDGE Global LLC" reflecting the exercise of 744,431 warrants held by EDGE Global and the resulting 392,586 shares of common stock held indirectly through EDGE Global. Those shares belong solely to Tom Einar Jensen through EDGE Global and have never represented a beneficial ownership interest of the Reporting Person. Accordingly, the indirect rows in Table I and the related indirect warrant row in Table II have been removed via this amendment. The Reporting Person's direct holdings reported in the Original Form 4 are unchanged. The Reporting Person disclaims any beneficial ownership of the shares held by EDGE Global that are attributable solely to Mr. Jensen's pecuniary interest therein. Mr. Jensen resigned from the Board of Directors of the Issuer effective December 23, 2024 and is no longer subject to Section 16 reporting obligations with respect to the Issuer.

	/s/ Harold Callo Sanchez, as Attorney-in-Fact	08/26/2026
	** 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)