Raffi Garabedian - Oct 8, 2021 Form 3 Insider Report for ESS Tech, Inc. (GWH)

Role
Director
Signature
/s/ Amir Moftakhar, by power of attorney
Stock symbol
GWH
Transactions as of
Oct 8, 2021
Transactions value $
$0
Form type
3
Date filed
10/18/2021, 08:29 PM
Next filing
Nov 17, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GWH Stock Option (right to buy) Oct 8, 2021 Common Stock 147K $0.54 Direct F1
holding GWH Restricted Stock Units Oct 8, 2021 Common Stock 24.9K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares subject to the option vest on February 15, 2022 and 1/48th of the shares vest monthly thereafter.
F2 Each restricted stock unit, or RSU, represents a contingent right to receive one share of common stock. One half of the RSUs vest if the volume weighted average price of the common stock over twenty trading days within any thirty trading day period is greater than or equal to $12.50, and one half of the RSUs vest if the volume weighted average price of the common stock over twenty trading days within any thirty trading day period is greater than or equal to $15.00.

Remarks:

Exhibit 24 - Power of Attorney