Sagar Kurada - Dec 20, 2021 Form 4 Insider Report for Eos Energy Enterprises, Inc. (EOSE)

Signature
/s/ Sagar Kurada
Stock symbol
EOSE
Transactions as of
Dec 20, 2021
Transactions value $
-$201,307
Form type
4
Date filed
12/22/2021, 03:06 PM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EOSE Common Stock Options Exercise $0 +75K $0.00 75K Dec 20, 2021 Direct F1
transaction EOSE Common Stock Tax liability -$201K -24.8K -33.01% $8.13 50.2K Dec 20, 2021 Direct

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 EOSE Restricted Stock Units Options Exercise $0 -75K -37.5% $0.00 125K Dec 20, 2021 Common Stock 75K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert without cost to shares of common stock on a one-for-one basis.
F2 The reporting person received a grant of RSUs under the Issuer's 2020 Incentive Plan, as amended from time to time, which originally vested as follows: 25,000 RSUs shall vest on January 3, 2022, 75,000 RSUs shall vest on January 2, 2023, and 100,000 RSUs shall vest on January 1, 2024, subject to continued service through each vesting date. Vesting of 75,000 units was accelerated per the Separation agreement signed between the reporting person and the Company.
F3 Not applicable