# EDGAR Filing Document

**Accession Number:** 0001131043
**File Stem:** 0000880984-23-000005
**Filing Date:** 2023-3
**Character Count:** 6701
**Document Hash:** 86d527e4562d20a094a47f207c7c29bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000880984-23-000005.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0000880984-23-000005

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230302

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** LOEB JAN H
- **CENTRAL INDEX KEY:** 0001131043

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33886
- **FILM NUMBER:** 23707585

**MAIL ADDRESS:**
- **STREET 1:** LEAP TIDE CAPITAL MANAGEMENT
- **STREET 2:** 10451 MILL RUN CIRCLE SUITE 400
- **CITY:** OWINGS MILLS
- **STATE:** MD
- **ZIP:** 21117
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ACORN ENERGY, INC.
- **CENTRAL INDEX KEY:** 0000880984
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ENGINEERING SERVICES [8711]
- **IRS NUMBER:** 222786081
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 N WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 302-656-1708

**MAIL ADDRESS:**
- **STREET 1:** 1000 N WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACORN FACTOR, INC.
- **DATE OF NAME CHANGE:** 20060920

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DATA SYSTEMS & SOFTWARE INC
- **DATE OF NAME CHANGE:** 19931019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEFENSE SOFTWARE & SYSTEMS INC
- **DATE OF NAME CHANGE:** 19930328

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>LOEB JAN H<br><sub>(Last) (First) (Middle)</sub><br>LEAP TIDE CAPITAL MANAGEMENT<br>10451 MILL RUN CIRCLE SUITE 400<br><sub>(Street)</sub><br>OWINGS MILLS, MD 21117<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President and CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACORN ENERGY, INC. [ ACFN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| common stock | 2023-03-02 |  | M |  | 35000 | A | $0.13 | 2247932 | D |  |
| common stock |  |  |  |  |  |  |  | 1366666 | I | by IRA |
| common stock |  |  |  |  |  |  |  | 4372017 | I | by LLC<sup>(1)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| warrants | $0.13 | 2023-03-02 |  | M |  |  | 35000 | <sup>(2)</sup> | 2023-03-16 | common stock | 35000 | <sup>(3)</sup> | 0 | I | see footnote<sup>(3)</sup> |

---

### Footnotes:

(1) Shares are held by Leap Tide Capital Acorn LLC, of which Mr. Loeb is the sole manager.

(2) One-fourth of the warrants became exercisable on each of 3/16/16, 6/16/16, 9/16/16 and 12/16/16.

(3) The warrants were held by Leap Tide Capital Management, LLC. The warrants were purchased for an aggregate nominal purchase price of $100.00 pursuant to the terms of a Consulting Agreement between Leap Tide Capital Management, LLC and Acorn Energy, Inc. Mr. Loeb is the sole owner and manager of Leap Tide Management, LLC, with sole voting and dispositive power over the warrants and the shares underlying the warrants.

**Signature:** Jan H. Loeb  
**Date:** 2023-03-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**