Sec Form 4 Filing - Matrai Balazs Peter @ FREYR Battery, Inc. /DE/ - 2024-05-15

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Matrai Balazs Peter 2. Issuer Name and Ticker or Trading Symbol FREYR Battery, Inc. /DE/ [ FREY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 6&8 EAST COURT SQUARE, SUITE 300 3. Date of Earliest Transaction (MM/DD/YY) 05/15/2024 (Street) NEWNAN, GA30263 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Shares of Common Stock 05/15/2024 M 744,431 ( 1 ) A $ 0.95 1,925,757 D Shares of Common Stock 05/15/2024 F 351,845 ( 1 ) D $ 2.01 1,573,912 D Shares of Common Stock 05/15/2024 M 744,431 ( 1 ) A $ 0.95 744,431 I By Self as Co-Owner of EDGE Global LLC ( 2 ) Shares of Common Stock 05/15/2024 F 351,845 ( 1 ) D $ 2.01 392,586 I By Self as Co-Owner of EDGE Global LLC ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrants $ 0.95 05/15/2024 M 744,431 09/07/2021 05/15/2024 Shares of Common Stock 744,431 $ 0 0 D Warrants $ 0.95 05/15/2024 M 744,431 09/07/2021 05/15/2024 Shares of Common Stock 744,431 $ 0 0 I By Self as Co-Owner of EDGE Global LLC ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Matrai Balazs Peter 6&8 EAST COURT SQUARE SUITE 300 NEWNAN, GA30263 X EDGE Global LLC 210 LOCUST STREET PHILADELPHIA, PA19106 Please see remarks. Signatures /s/ Are L. Brautaset, as Attorney-in-Fact 05/17/2024 Signature of Reporting Person Date EDGE Global LLC, By: /s/ Are L. Brautaset, as Attorney-in-Fact 05/17/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On May 15, 2024, the Reporting Persons each exercised warrants to purchase 744,431 shares of common stock of the Issuer through cashless exercise, resulting in the withholding by the Issuer of 351,845 shares (with respect to each Reporting Person) and issuing to each Reporting Person the remaining 392,586 shares, based on the closing price of the Issuer's shares of common stock on May 15, 2024 of $2.01 per share. ( 2 )Mr. Matrai is a co-owner of EDGE Global LLC ("EDGE Global") and disclaims beneficial ownership of the warrants held by EDGE Global except to the extent of his pecuniary interest therein.

Remarks: Title: Co-Founder and Co-Managing Partner

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