Rahul G. Patel - Aug 15, 2022 Form 4 Insider Report for Energous Corp (WATT)

Role
Director
Signature
/s/ Bill Mannina, Attorney-in-Fact
Stock symbol
WATT
Transactions as of
Aug 15, 2022
Transactions value $
-$11,311
Form type
4
Date filed
8/16/2022, 07:03 PM
Previous filing
Jan 5, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WATT Common Stock Options Exercise $0 +14K +32.06% $0.00 57.8K Aug 15, 2022 Direct F1
transaction WATT Common Stock Sale -$11.3K -7.57K -13.11% $1.49* 50.2K Aug 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 Restricted Stock Units Options Exercise $0 -14K -100% $0.00* 0 Aug 15, 2022 14021 14K $0.00 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 20, 2022, the Reporting Person filed Form 5 to report the vesting of 14,021 restricted stock units on August 15, 2021 (the "August 2021 RSUs"). The holdings reported in Table I, Column 5 of Forms 4 filed on January 5, 2022 and February 17, 2022 do not reflect the vesting and settlement of the August 2021 RSUs.
F2 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.50 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F5 The RSUs vested as to 1/3 of the underlying shares on each of August 15, 2020, August 15, 2021 and August 15, 2022. The RSUs were granted to the reporting person pursuant to the Company's Non-employee Director Compensation Policy.
F6 RSUs do not expire; they either vest or are canceled prior to the vesting date.