SemiLEDs Corp — Director's Dealing 2024

Jan 10, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SemiLEDs Corp (LEDS)
CIK: 0001333822
Period of Report: 2024-01-08

Reporting Person: J.R. Simplot Co (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-08	Common Stock	C	1050022	$1.31	Acquired	2139956	Indirect
2024-01-08	Common Stock	J	305343	$1.31	Acquired	2445299	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-08	Convertible Unsecured Promissory Note	$1.31	C		Disposed		Common Stock (1050022)	Indirect

Footnotes

F1: On February 20, 2020, J.R. Simplot Company, a Nevada corporation (the "Reporting Person"), assigned a Convertible Unsecured Promissory Note initially issued to the Reporting Person by the Issuer in the original principal amount of $1,500,00 (the "Note") for no consideration to Simplot Taiwan Inc., an Idaho corporation ("ST"). The Note is convertible into Common Stock of the Issuer at any time at a conversion price of $1.31. On January 8, 2024 (the "Effective Date"), ST converted $1,375,529 of the Note, which amount represents $1,200,000 of principal and $175,529 of interest, into 1,050,022 shares of Common Stock of the Issuer.

F2: Consists of shares of Common Stock owned of record by ST, which is wholly owned by the Reporting Person. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over such shares.

F3: On the Effective Date, ST received 305,343 shares of Common Stock of the Issuer as a payment of interest pursuant to a Loan Agreement between the Issuer and the Reporting Person dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023 and January 7, 2024 (the "Loan Agreement"), and assigned by the Reporting Person to ST, which is wholly owned by the Reporting Person. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over such shares.

F4: Consists of the number of shares issued to ST on the Effective Date representing the payment of interest under the Loan Agreement described above.

F5: The Note has no expiration date. As a result of the transaction reported herein, all amounts due and payable under the Note have been satisfied in full.