Phares Denis 4

What Happened
Phares Denis, who serves as CEO, Interim CFO & President and is a director of Dragonfly Energy Holdings Corp. (DFLI), received an award of options on March 15, 2026. The grant covers 38,269 options (derivative securities) with an exercise price of $2.99 per share. The options were reported as acquired at $0.00 (i.e., an option grant rather than a cash purchase). Exercising all options would require approximately $114,424.31 in cash (38,269 × $2.99).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears filed within the usual two-business-day window).
• Instrument & amount: Grant of 38,269 stock options (derivative), reported at $0.00 acquisition price; exercise price $2.99 per share.
• Vesting: Options vest in three equal annual installments beginning April 1, 2026, contingent on continued employment through each vesting date. (See footnote F1.)
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: No late-filing indication in the submission.

Context
This was an options grant (an award), not an immediate purchase or sale of common stock. The grant gives the holder the right to buy shares in the future at $2.99 per share once vested; it does not by itself create tradable shares or immediate proceeds. Grants are common compensation tools for executives and do not necessarily signal a near-term buy or sell of stock.