Neeraj Sahejpal - 02 Jul 2021 Form 4/A - Amendment Insider Report for Energous Corp (WATT)

Role
Senior VP, Product Marketing
Signature
/s/ Bill Mannina, Attorney-in-Fact
Issuer symbol
WATT
Transactions as of
02 Jul 2021
Net transactions value
-$56,709
Form type
4/A - Amendment
Filing time
30 Jul 2021, 20:20:38 UTC
Date Of Original Report
07 Jul 2021
Previous filing
18 May 2021
Next filing
05 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WATT Common Stock Award $0 +42,206 +13% $0.000000 370,793 02 Jul 2021 Direct F1
transaction WATT Common Stock Sale $56,709 -20,926 -5.6% $2.71* 349,867 02 Jul 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares vested upon the achievement of certain performance criteria pursuant to performance-based restricted stock units granted to the Reporting Person on March 21, 2021 under to the Issuer's 2015 Performance Share Unit Plan.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the acquisition of stock reported on this Form 4 pursuant to the satisfaction of performance criteria. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Remarks:

This amendment to Form 4 includes the Reporting Person's acquisition of shares of the Issuer's Common Stock in connection with the settlement of vested performance-based restricted stock units on July 2, 2021, which was inadvertently omitted from the original Form 4 filed on July 7, 2021.