EXCLUSIVE: Mullen’s CFO gifted with 4,000 shares owning now a total of 306,174

Written by Cláudio Afonso | info@claudio-afonso.com

According to a SEC form filed on Tuesday, Mullen‘s CFO Kerri Sadler was gifted a total of 4,000 shares from April 7 to April 22. Previously, on January 18, Sadler had directly acquired 300,000 shares having now a total of 306,174 valued at $425,500 based on the last closing price. The filing reveals that Sadler was gifted with 2,000 shares on April 7, 1,000 two days later and another 1,000 on April 22, 2022.

Kerri Sadler is the Chief Financial Officer at Mullen since July 2021. Previously, Sadler served as the internal consultant and interim CFO and led the Finance and Accounting team through the Net Element reverse merger in 2021.

Kerri Sadler is focused on developing a world-class Finance, Accounting, and Operations team and leading the transformation from a private to a public company via cross strategic initiatives. Ms. Sadler is responsible for financial reporting, technical accounting matters, internal controls, consolidations, treasury and risk management, and financial planning and analysis. Ms. Sadler has domestic and international experience, which spans commercial and investment banking, automotive, and trading/treasury activities. She has worked with well-known, global companies, including KPMG, Credit Suisse, and Toyota Financial. Most recently, she has worked with emerging growth companies in developing their finance and accounting departments. Her career began with the Federal Deposit Insurance Corporation (FDIC) as a bank examiner/regulator, Mullen stated.

Recently, also Mullen‘s President of Automotive Division accquired 100,000 shares on April 8. Mullen’s President Calin Popa owns now a total of 159,729 Mullen shares. Popa’s transaction nature was Type A — Grant, award or other under Rule 16b-3(d) and represents a direct ownership.


On April 1, Mullen’s CEO David Michery, filed a SEC form announcing changes in beneficial ownership with transactions made betwen March 22 and March 28, 2022. Michery sold 300,000 shares at an average price of $2.495 ($748,500 USD), disposed of 428,382 contracts and acquired 1,198,328 contracts. Last December, Michery had filed a form disclosing ownership of 22,174,720 shares of Mullen — 62.5% ownership.

The EV manufacturer based on Southern California Mullen reached on April its highest level of Institutional Owners with 58 shareholders owning a total of 1,332,751 shares. Among the largest shareholders there’s: Cutler Group LP, Cetera Advisor Networks LLC, BlackRock Inc., Vanguard Group Inc, Cutler Group LP, Belvedere Trading LLC, and VTSMX.

On Sunday, Mullen teased via Twitter its Van production ahead of the first deliveries in Q2 2022, as announced by Mullen’s CEO on March 30. At the time, David Michery unveiled that a Fortune500 company is going to buy “a lot of these vehicles” with the official press release expected during the next weeks.

Last week, the company announced the solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. BIC is focused on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.

Recently, EVgo tweeted that they “look forward to seeing the Mullen FIVE hit the streets in 2o24″. The Fast Charging Network also claimed that they’ve got “the network to keep future Mullen drivers going”. This is the first time EVgo mentions the California-based EV maker, although, there’s no official confirmation on a future partnership between the companies for Mullen customers.

Written by Cláudio Afonso | info@claudio-afonso.com