Daniel Barcelo - Jul 9, 2021 Form 4 Insider Report for Alussa Energy Acquisition Corp. (ALUS)

Role: CEO and President, Director, 10%+ Owner
Signature: /s/ Daniel Barcelo
Stock symbol: ALUS
Transactions as of: Jul 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/13/2021, 06:06 PM
Next filing: Jan 10, 2024

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	ALUS	Class B ordinary shares	Disposed to Issuer		-7.19M	-100%		0	Jul 9, 2021	Ordinary Shares	7.19M		See footnote	F1, F3
transaction	ALUS	Private placement warrants	Options Exercise	$0	-10.3M	-100%	$0.00^*	0	Jul 9, 2021	Ordinary Shares	10.3M		See footnote	F2, F3

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

Daniel Barcelo is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On July 9, 2021, Alussa Energy Acquisition Corp. ("ALUS") consummated its initial business combination (the "Business Combination") with FREYR AS. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ALUS was exchanged for one share of FREYR Battery's Ordinary Shares, with no par value. Daniel Barcelo, the former Chief Executive Officer and President of ALUS prior to the consummation of the Business Combination, is the managing member of Alussa Energy Sponsor LLC (the "Sponsor").
F2	In connection with the Business Combination, each private placement warrant of ALUS was exchanged for one warrant of FREYR Battery's private warrants. Each whole FREYR Battery private warrant entitles the holder thereof to purchase one (1) Ordinary Share of FREYR Battery at a purchase price of $11.50 per share on the same terms and conditions as ALUS's private placement warrants. The number of ALUS private placement warrants exchanged also includes 1,500,000 working capital warrants issued by ALUS to the Sponsor on April 30, 2021, which have the same terms and conditions as ALUS's private placement warrants.
F3	Mr. Barcelo has sole voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Mr. Barcelo disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.