Bourns Tyler 4

What Happened

• Tyler Bourns, Chief Marketing Officer of Dragonfly Energy Holdings Corp. (DFLI), received an award of options to purchase 20,303 shares of common stock on March 15, 2026. The grant was reported as a derivative award (code A) with a $0 cash acquisition price; the options carry an exercise price of $2.99 per share. No shares were exercised or sold—this is an equity compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17.
• Type: Option grant (derivative award). Grant reported at $0.00; exercise price $2.99 per share.
• Quantity: 20,303 options granted.
• Vesting: Options vest in three equal annual installments beginning April 1, 2026, subject to continued employment through each vesting date (per footnote).
• Shares owned after transaction: not specified in the summary filing excerpt provided.
• Timeliness: Filing was submitted two days after the grant date (within usual Form 4 reporting window).

Context

• This was a standard equity compensation grant to an executive. The award gives the right to buy shares in the future at $2.99 per share if and when vested and exercised; it does not represent an immediate purchase or sale of shares. Grants like this are common for retention and incentive purposes and do not by themselves indicate buying or selling conviction in the open market.