Jan Loeb - Mar 2, 2023 Form 4 Insider Report for ACORN ENERGY, INC. (ACFN)

Role: President and CEO, Director, 10%+ Owner
Signature: Jan H. Loeb
Stock symbol: ACFN
Transactions as of: Mar 2, 2023
Transactions value $: $4,550
Form type: 4
Date filed: 3/6/2023, 06:47 AM
Previous filing: Jan 3, 2023
Next filing: Mar 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACFN	common stock	Options Exercise	$4.55K	+35K	+1.58%	$0.13	2.25M	Mar 2, 2023	Direct
holding	ACFN	common stock						1.37M	Mar 2, 2023	by IRA
holding	ACFN	common stock						4.37M	Mar 2, 2023	by LLC	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ACFN	warrants	Options Exercise		-35K	-100%		0	Mar 2, 2023	common stock	35K	$0.13	see footnote	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are held by Leap Tide Capital Acorn LLC, of which Mr. Loeb is the sole manager.
F2	One-fourth of the warrants became exercisable on each of 3/16/16, 6/16/16, 9/16/16 and 12/16/16.
F3	The warrants were held by Leap Tide Capital Management, LLC. The warrants were purchased for an aggregate nominal purchase price of $100.00 pursuant to the terms of a Consulting Agreement between Leap Tide Capital Management, LLC and Acorn Energy, Inc. Mr. Loeb is the sole owner and manager of Leap Tide Management, LLC, with sole voting and dispositive power over the warrants and the shares underlying the warrants.