Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
The Company’s common stock trades on the Nasdaq Capital Market under the trading symbol PEGY.
Holders
At March 15, 2024, there were approximately 272 registered holders of record of Pineapple Energy Inc. common stock.
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Securities Authorized for Issuance Under Equity Compensation Plans
The following table presents information about the Company’s equity compensation plans, under which equity securities of the Company are authorized for issuance, as of December 31, 2023:
Equity Compensation Plan Information
Number of securities
Number of securities
to be issued upon
remaining available
exercise of
Weighted-average
for future issuance under
outstanding
exercise price of
equity compensation
options, warrants
outstanding options
plans (excluding shares
Plan Category
and rights (1)
warrants and rights (2)
in first column)
Equity compensation plans approved by security holders: (3)
2022 Employee Stock Purchase Plan
—
$
—
415,005
2022 Equity Incentive Plan
640,854
$
—
397,089
Equity compensation plans not approved by security holders:
CFO Inducement Grant
54,852
$
—
—
SUNation Inducement Grants
89,698
$
—
—
TOTAL
785,404
$
—
812,094
(1) Includes outstanding awards under the 2022 Equity Incentive Plan, as well as restricted stock units outstanding under inducement grants made to the Company’s newly-hired Chief Financial Officer in October 2022 and to newly-hired employees in connection with the SUNation acquisition in November 2022, in each case in accordance with Nasdaq Listing Rule 5635(c)(4).
(2) Only restricted stock units are outstanding, which do not have an exercise price; they are settled in shares of our common stock on a one-for-one basis at no additional cost.
(3) Includes the Pineapple Energy Inc. 2022 Equity Incentive Plan (the “Equity Plan”) and the Pineapple Energy Inc. 2022 Employee Stock Purchase Plan (the “ESPP”). The Equity Plan provides for the grant of stock options, stock appreciation rights, restricted stock awards, stock unit awards and other stock-based awards to employees, non-employee directors and consultants and advisors to the Company. The number of shares of Company common stock available for issuance under the Equity Plan initially was 750,000 and was increased to 1,250,000 by shareholder approval on December 7, 2022. The ESPP was approved by shareholders on December 7, 2022, and provides for the purchase by eligible employees of shares of the Company’s common stock at a discount to the market price. The number of shares authorized for issuance under the ESPP was initially 200,000 and was increased to 500,000 by shareholder approval on December 14, 2023.
ITEM 6. [RESERVED]
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