Cesar Johnston - Feb 15, 2022 Form 4 Insider Report for Energous Corp (WATT)

Role
Chief Executive Officer
Signature
/s/ Bill Mannina, Attorney-in-Fact
Stock symbol
WATT
Transactions as of
Feb 15, 2022
Transactions value $
-$16,213
Form type
4
Date filed
2/17/2022, 08:40 PM
Previous filing
Feb 8, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WATT Common Stock Sale -$16.2K -13.2K -2.12% $1.23* 609K Feb 15, 2022 Direct F1
transaction WATT Common Stock Award $0 +150K +24.63% $0.00 759K Feb 16, 2022 Direct F2, F3

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
transaction WATT Stock Option (Right to Buy) Award $0 +300K $0.00 300K Feb 16, 2022 Common Stock 300K $1.27 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
F2 Represents restricted stock units ("RSUs") that will vest as to 1/3 of the award on 12/06/2022, with the remaining 2/3 of the award vesting quarterly in equal increments until the RSUs are fully vested on 12/06/2024, subject the Reporting Person's continued service to the Issuer through each vesting date.
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
F4 The option will vest as to 50% of the award on 12/06/2023, and 25% of the award will vest on each of 12/06/2024 and 12/06/2025, subject the Reporting Person's continued service to the Issuer through each vesting date.