January 30, 2025 · Form 4 insider transaction
Field Michael George bought 2,679 shares of Polar Power, Inc. at $2.93 per share, a transaction worth $7.8K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 40 days after the transaction.
Michael G. Field and the Registrant signed an offer letter (the "Offer Letter") on July 24, 2024. The Registrant effected a 1:7 reverse stock split (the "Split") on November 18, 2024. Pursuant to the Offer Letter, Michael Field chose to receive 18,750 shares of Common Stock, or 2,679 shares of Common Stock on a post-Split basis, under the 2016 Omnibus Incentive Plan, instead of a cash payment of $7,500 per quarter for the fourth quarter of 2024.