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MACLELLAN DOUGLAS CHARLES

Disclosed activity across 1 company

Tapewire entity
126797
SEC CIK
0001200827

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Reported relationships

Latest disclosed role at each company.

No relationships currently tracked through insider filings.

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

No balances currently tracked through insider filings.

Past disclosures · reporting ended (1)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

AMERICAN BATTERY TECHNOLOGY Co

Report date May 26, 2022 · Filed May 27, 2022

Section 16 reporting ended · disclosed 2022-05-27. Current position is not established by this disclosure.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect8,417,995 Reported balance Holding disclosure · report date 2022-05-26 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 8,417,995

F1: Mr. MacLellan resigned as Director on February 25th, 2022, and as of May 26th, 2022, the former director is no longer an affiliate or insider and is therefore not required to continue to file Form 4s with the SEC. As of May 26, 2022, the former director owns 8,417,995 shares of common stock.

Filing footnotes · ownership attribution and instrument terms

F1: Mr. MacLellan resigned as Director on February 25th, 2022, and as of May 26th, 2022, the former director is no longer an affiliate or insider and is therefore not required to continue to file Form 4s with the SEC. As of May 26, 2022, the former director owns 8,417,995 shares of common stock.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
December 10, 2021 Filed Dec 10, 2021 18:17 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 125,858 $1.10 $138,217.26
Disclosure

SEC source: 0001493152-21-031157 · ownership.xml · nonDerivative · entry 3

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,056,091

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021, this Form 4 reports the sale of common stock of ABML.

Read SEC document
December 09, 2021 Filed Dec 10, 2021 18:17 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 141,217 $1.14 $160,337.78
Disclosure

SEC source: 0001493152-21-031157 · ownership.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,181,949

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021, this Form 4 reports the sale of common stock of ABML.

Read SEC document
December 08, 2021 Filed Dec 10, 2021 18:17 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 150,000 $1.15 $172,890.00
Disclosure

SEC source: 0001493152-21-031157 · ownership.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,323,166

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021, this Form 4 reports the sale of common stock of ABML.

Read SEC document
December 07, 2021 Filed Dec 7, 2021 21:13 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 150,000 $1.10 $164,400.00
Disclosure

SEC source: 0001493152-21-030760 · ownership.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,473,166

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021, this Form 4 reports the sale of common stock of ABML.

Read SEC document
December 06, 2021 Filed Dec 7, 2021 21:13 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 150,000 $1.07 $160,350.00
Disclosure

SEC source: 0001493152-21-030760 · ownership.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,623,166

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021, this Form 4 reports the sale of common stock of ABML.

Read SEC document
October 19, 2021 Filed Oct 20, 2021 15:31 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 69,848 $1.32 $91,926.95
Disclosure

SEC source: 0001493152-21-025867 · ownership.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,773,166

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021 (amended), this Form 4 reports the sale of 150,022 shares of common stock of ABML.

Read SEC document
October 18, 2021 Filed Oct 20, 2021 15:31 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 80,174 $1.34 $107,457.21
Disclosure

SEC source: 0001493152-21-025867 · ownership.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,843,014

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021 (amended), this Form 4 reports the sale of 150,022 shares of common stock of ABML.

Read SEC document
October 15, 2021 Filed Oct 18, 2021 14:01 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GiftCommon Stock 300,000 $0.00 $0.00
Disclosure

SEC source: 0001493152-21-025678 · ownership.xml · nonDerivative · entry 4

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,923,188

F2 · security: In concurrence with the reporting person's 10b-5 plan adopted on April 21st, 2021 (amended), this Form 4 reports the donation of 700,000 shares and 300,000 shares of common stock of ABML, to two separate third party highly rated charitable organizations, for estate planning purposes.

Read SEC document
October 15, 2021 Filed Oct 18, 2021 14:01 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GiftCommon Stock 700,000 $0.00 $0.00
Disclosure

SEC source: 0001493152-21-025678 · ownership.xml · nonDerivative · entry 3

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,223,188

F2 · security: In concurrence with the reporting person's 10b-5 plan adopted on April 21st, 2021 (amended), this Form 4 reports the donation of 700,000 shares and 300,000 shares of common stock of ABML, to two separate third party highly rated charitable organizations, for estate planning purposes.

Read SEC document
October 15, 2021 Filed Oct 18, 2021 14:01 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 149,978 $1.41 $210,764.08
Disclosure

SEC source: 0001493152-21-025678 · ownership.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,923,188

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021 (amended), this Form 4 reports the sale of 349,978 shares of common stock of ABML.

Read SEC document
October 14, 2021 Filed Oct 18, 2021 14:01 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $1.41 $282,880.00
Disclosure

SEC source: 0001493152-21-025678 · ownership.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,073,166

F1 · security: In concurrence with the reporting person's 10b-5 plan adopted by the reporting person on April 21st, 2021 (amended), this Form 4 reports the sale of 349,978 shares of common stock of ABML.

Read SEC document
September 30, 2021 Filed Oct 6, 2021 16:49 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 4,808 $0.00 $0.00
Disclosure

SEC source: 0001493152-21-024816 · ownership.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,273,166

F1 · security: In connection with the director agreement of the Reporting Person, the Company issued the Reporting Person 8,449 shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
June 30, 2021 Filed Oct 6, 2021 16:49 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 3,641 $0.00 $0.00
Disclosure

SEC source: 0001493152-21-024816 · ownership.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,268,358

F1 · security: In connection with the director agreement of the Reporting Person, the Company issued the Reporting Person 8,449 shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
June 10, 2021 Filed Jun 11, 2021 14:51 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $2.39 $478,200.00
Disclosure

SEC source: 0001078782-21-000555 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,264,717

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
June 10, 2021 Filed Jun 14, 2021 20:36 UTC Amendment AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 150,000 $2.39 $358,650.00
Disclosure

SEC source: 0001078782-21-000557 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,264,717

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
June 09, 2021 Filed Jun 11, 2021 14:51 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $2.32 $463,600.00
Disclosure

SEC source: 0001078782-21-000555 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,414,717

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
June 09, 2021 Filed Jun 14, 2021 20:36 UTC Amendment AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $2.32 $463,600.00
Disclosure

SEC source: 0001078782-21-000557 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,414,717

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
June 08, 2021 Filed Jun 9, 2021 16:30 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $2.07 $413,420.00
Disclosure

SEC source: 0001078782-21-000549 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,614,717

F1 · security: This transaction was made pursuant to a 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
June 07, 2021 Filed Jun 9, 2021 16:30 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 200,000 $2.09 $417,800.00
Disclosure

SEC source: 0001078782-21-000549 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,814,717

F1 · security: This transaction was made pursuant to a 10b5-1 trading plan adopted by the reporting person on April 21, 2021.

Read SEC document
March 31, 2021 Filed Apr 2, 2021 14:49 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 4,717 $0.00 $0.00
Disclosure

SEC source: 0001078782-21-000307 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,014,717

F1 · security: Pursuant to the director agreement of the Reporting Person, the Company issued 4,717 shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
January 08, 2021 Filed Jan 11, 2021 18:59 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 20,000 $1.20 $24,046.00
Disclosure

SEC source: 0001078782-21-000030 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,010,000

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9th, 2020.

Read SEC document
January 07, 2021 Filed Jan 11, 2021 18:59 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 20,000 $1.13 $22,608.00
Disclosure

SEC source: 0001078782-21-000030 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,030,000

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9th, 2020.

Read SEC document
January 06, 2021 Filed Jan 7, 2021 16:46 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 20,000 $0.96 $19,288.00
Disclosure

SEC source: 0001078782-21-000012 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,150,000

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9th, 2020.

Read SEC document
January 05, 2021 Filed Jan 7, 2021 16:46 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 20,000 $0.96 $19,146.00
Disclosure

SEC source: 0001078782-21-000012 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,170,000

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9th, 2020.

Read SEC document
November 30, 2020 Filed Dec 15, 2020 11:10 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 1,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-20-000971 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,190,000

F1 · price: Pursuant to the director agreement of the Reporting Person, the Company issued one million shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
June 05, 2020 Filed Jun 11, 2020 15:16 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 10,000 $0.10 $970.00
Disclosure

SEC source: 0001078782-20-000430 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,190,000

F1 · security: 10,000 shares were sold at .097 for $970.00 credit.

Read SEC document
June 05, 2020 Filed Jun 12, 2020 16:36 UTC Amendment AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 SaleCommon Stock 10,000 $0.10 $1,000.00
Disclosure

SEC source: 0001078782-20-000435 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,190,000

F1 · security: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 20, 2019.

F2 · security: The original Form 4 filed on June 11, 2020 is amended by this Form 4 to revise in Table 1: (a) the transaction code in box 3, (b) the securities transaction information in box 4, and (c) the information in footnote (1).

Read SEC document
February 24, 2020 Filed Mar 2, 2020 16:08 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 2,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-20-000146 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,200,000

F2 · security: The Company issued two million shares to the Reporting Person pursuant to an S-8 Registration Statement, effective February 11, 2020.

F2 · price: The Company issued two million shares to the Reporting Person pursuant to an S-8 Registration Statement, effective February 11, 2020.

Read SEC document
November 08, 2019 Filed Mar 2, 2020 16:08 UTC AMERICAN BATTERY TECHNOLOGY Co ABML · Entity 5759 GrantCommon Stock 1,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-20-000146 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,200,000

F1 · security: Pursuant to the consulting agreement of the Reporting Person, the Company issued one million shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

F1 · price: Pursuant to the consulting agreement of the Reporting Person, the Company issued one million shares of common stock of the Company. Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
January 11, 2019 Filed Feb 20, 2019 18:31 UTC AMERICAN BATTERY TECHNOLOGY Co ORRP · Entity 5759 GrantCommon Stock 2,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-19-000163 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,200,000

F1 · security: In connection with the extension of the consulting agreement of the Reporting Person, the Company issued a one-time grant of two million shares of common stock of the Company.

F2 · price: Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
October 08, 2018 Filed Oct 15, 2018 17:52 UTC AMERICAN BATTERY TECHNOLOGY Co ORRP · Entity 5759 GrantCommon Stock 1,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-18-001173 · primary_doc.xml · nonDerivative · entry 3

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,200,000

F1 · security: This grant of common stock was made pursuant to the director's consulting agreement with the Issuer.

F2 · price: Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
March 08, 2018 Filed Oct 15, 2018 17:52 UTC AMERICAN BATTERY TECHNOLOGY Co ORRP · Entity 5759 GrantCommon Stock 1,200,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-18-001173 · primary_doc.xml · nonDerivative · entry 2

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,200,000

F1 · security: This grant of common stock was made pursuant to the director's consulting agreement with the Issuer.

F2 · price: Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document
December 29, 2017 Filed Oct 15, 2018 17:52 UTC AMERICAN BATTERY TECHNOLOGY Co ORRP · Entity 5759 GrantCommon Stock 2,000,000 $0.00 $0.00
Disclosure

SEC source: 0001078782-18-001173 · primary_doc.xml · nonDerivative · entry 1

MACLELLAN DOUGLAS CHARLES · CIK 0001200827 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

F1 · security: This grant of common stock was made pursuant to the director's consulting agreement with the Issuer.

F2 · price: Reporting Person received these shares in exchange for services provided to Issuer.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.