Item 8.01 Other Events.
On March 23, 2021, Jeffrey Peck, Chief Executive Officer of iSun, Inc. (the
"Company"), entered into a Rule 10b5-1 trading plan (the "Plan") to sell shares
of the Company's Common Stock. As of the date of the filing of this Form 8-K no
sales have been made under the Plan.
On March 23, 2021, Frederick Myrick, Jr., an Executive Vice President of the
Company, entered into a Rule 10b5-1 trading plan (the "Plan") to sell shares of
the Company's Common Stock. As of the date of this filing sales of 25,000
shares of Common Stock have been made under the Plan.
Rule 10b5-1 allows Company insiders to adopt written plans for trading
securities in a non-discretionary, pre-scheduled manner in order to avoid
concerns about initiating stock transactions when the insider may be aware of
non-public information. Each of Messrs. Peck and Myrick entered into their Plan
in order to have the opportunity to diversify their equity holdings if sales
are made under his Plan. Mr. Peck is the record holder of 1,411,495 shares of
Common Stock with sole voting and investment power over such shares. Mr. Peck
currently beneficially owns 2,426,235 shares (inclusive of the 1,411,495
shares referenced in the preceding sentence). Mr. Myrick currently is the record
and beneficial owner of 660,774 shares of Common Stock. Beneficial ownership is
defined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934.
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