AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the Securities Exchange Act of 1934
of Report (Date of earliest event reported): September 5, 2018
Name of Registrant as Specified in Charter)
or Other Jurisdiction
E. Gardena Boulevard, Gardena, California 90248
of Principal Executive Offices) (Zip Code)
telephone number, including area code)
name or former address, if changed since last report)
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule
12b-2 of the Securities Exchange Act of 1934.
growth company ☒
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
September 5, 2018, Arthur D. Sams, President and CEO of Polar Power, Inc. (the “Company”), established a written sales
plan (the “10b5-1 Plan”) in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act
of 1934, as amended, and the Company’s insider trading policies. The 10b5-1 Plan was adopted in order to allow Mr. Sams
to sell a portion of his Company stock over time as part of his long-term strategy for individual asset diversification and liquidity.
to the 10b5-1 Plan, he has instructed his broker to sell up to a maximum of 200,000 shares of the Company’s common stock
during the period from September 26, 2018 through March 31, 2019. Certain specified amounts of shares will be sold during this
period subject to the trading price of the Company’s common stock and subject to applicable securities laws, including Rule
144. Mr. Sams currently owns 5,578,176 shares of the Company’s common stock.
sales under the 10b5-1 Plan will be disclosed publicly through Form 4 filings with Securities and Exchange Commission when due.
The Company does not undertake to report 10b5-1 trading plans by other officers or directors of the Company in the future, or
to report modifications or terminations of any such plans, whether or not the plan was publicly announced, except as may be required
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
September 19, 2018
POLAR POWER, INC.
By: /s/ Arthur D. Sams
President, Chief Executive Officer and Secretary