09/15/2026 | Press release | Distributed by Public on 09/15/2026 16:32
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
|||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
|
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Options (Right to Buy) | $5.87 | 09/13/2026 | A | 400,000 | (1) | 08/23/2031 | Class A Ordinary Shares | 400,000 | (1) | 1,200,000 | D | ||||
| Performance Based Units (PBUs) | $0.0001 | 09/13/2026 | A | 248,040 | (2) | 08/23/2031 | Class A Ordinary Shares | 248,040 | (2) | 248,040 | D | ||||
| Performance Based Units (PBUs) | $0.0001 | 09/12/2026 | A | 22,988 | (3) | 08/23/2031 | Class A Ordinary Shares | 22,988 | (3) | 22,988 | I | By spouse | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Sinha Sumant C/O RENEW POWER, COMMERCIAL BLOCK-1 ZN 6 GOLF COURSE ROAD, DLF CITY PHASE-V GURUGRAM, HARYANA 122009 |
X | X | Chief Executive Officer | |
| /s/ Sumant Sinha | 09/15/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | On September 13, 2023, the Issuer granted 1,600,000 performance stock options to Mr. Sinha. On September 13, 2026, 400,000 performance stock options vested based on the applicable performance vesting conditions being met. The remaining 400,000 performance stock options shall vest on September 13, 2027, subject to the applicable performance vesting conditions. |
| (2) | On September 13, 2023, the Issuer granted Mr. Sinha 238,500 PBUs the vesting of which were subject to achievement of certain Performance Metric. On September 13, 2026, 248,040 PBUs vested based on 104% of the Performance Metrics having been achieved as of the vesting date. |
| (3) | On September 13, 2023, the Issuer granted to Ms. Vaishali Nigam Sinha, who is Mr. Sinha's spouse, 22,104 PBUs the vesting of which were subject to achievement of certain Performance Metric. On September 12, 2026, 22,988 PBUs vested based on 104% of the Performance Metrics having been achieved as of the vesting date. |