January 1, 2024 · Form 4 insider transaction
ZENTMAN SAMUEL M bought 625 shares of ACFN at $2.88 per share, a transaction worth $1.8K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 30 days after the transaction.
The stock options were automatically exercised on a net share settlement basis immediately before their expiration, in accordance with their terms. The issuer delivered to the reporting person the number of shares underlying the stock options less the number of shares having a Fair Market Value on the date of such exercise equal to the aggregate exercise price for the stock options.