UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
Certain executive officers and directors of Flux Power Holdings, Inc. (the “Company”) or a vehicle controlled by them (each, a “Plan Participant”) entered into Rule 10b5-1 Trading Plans to sell shares of the Company’s common stock, in each case, subject to any applicable volume limitations.
The table below provides certain information regarding each Plan Participant’s Rule 10b5-1 Trading Plan.
| Name | Plan Date | Maximum Shares That May Be Sold Under The Plan | Earliest Sale Commencement Date | Plan Expiration Date | ||||||
| Esenjay Investment, LLC(1) | February 16, 2023 | 625,385 | February 24, 2023 | December 31, 2023 | ||||||
| (1) | Michael Johnson, the Company’s director, is the sole director and beneficial owner of Esenjay Investment, LLC. |
Trading under each of the Rule 10b5-1 Trading Plans may commence no sooner than the earliest sale commencement date set forth above and will end on the earlier of the applicable date set forth above and the date on which all the shares in the plan are sold.
A Rule 10b5-1 Trading Plan is a written document that pre-establishes the amounts, prices and dates of future sales of the Company’s common stock.
Each Plan Participant’s Rule 10b5-1 Trading Plan was adopted during an authorized trading period and when such Plan Participant was not in possession of material non-public information. The transactions made under each Plan Participant’s Rule 10b5-1 Trading Plan will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules, and regulations.
Other officers, directors, insiders and employees of the Company may from time to time establish stock trading plans under Rule 10b5-1. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 Trading Plans of the Company’s officers, directors, insiders or employees. By furnishing the information in this Item 8.01, the Company is making no admission as to the materiality of such information.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Flux Power Holdings, Inc. | ||
| a Nevada corporation | ||
| By: | /s/ Ronald F. Dutt | |
| Ronald F. Dutt | ||
| Chief Executive Officer | ||
Dated: February 27, 2023