SEC Form 4/A · accession 0001213900-26-094078
T1 Energy Inc. · TE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 15, 2024 | M | 744,431 | $0.95 | A | 1,925,757 | D | |
| Common Stock | May 15, 2024 | F | 351,845 | $2.01 | D | 1,573,912 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $0.95 | May 15, 2024 | M | 744,431 | D | Sep 7, 2021 | May 15, 2024 | Shares of Common Stock | 744,431 | 0 | D |
Explanation of responses
- F1On 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.