Rahul G. Patel - Jan 3, 2023 Form 4 Insider Report for Energous Corp (WATT)

Role
Director
Signature
/s/ Bill Mannina, Attorney-in-Fact
Stock symbol
WATT
Transactions as of
Jan 3, 2023
Transactions value $
-$11,070
Form type
4
Date filed
1/5/2023, 03:44 PM
Previous filing
Aug 16, 2022
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WATT Common Stock Award $0 +25K +49.82% $0.00 75.2K Jan 3, 2023 Direct F1, F2
transaction WATT Common Stock Sale -$11.1K -13.5K -17.96% $0.82 61.7K Jan 4, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") vest as to 100% of the award on January 2, 2024, subject to the Reporting Person's continued service to the Issuer through such date. The RSUs were granted to the reporting person pursuant to the Company's Non-employee Director Compensation Policy.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
F3 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.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $0.8075 and the highest price at which shares were sold was $0.83. The Reporting Person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.