Sagar Kurada - 03 Jan 2022 Form 4 Insider Report for Eos Energy Enterprises, Inc. (EOSE)

Role
Chief Financial officer
Signature
/s/ Sagar Kurada
Issuer symbol
EOSE
Transactions as of
03 Jan 2022
Net transactions value
-$63,080
Form type
4
Filing time
05 Jan 2022, 15:46:09 UTC
Previous filing
22 Dec 2021
Next filing
13 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EOSE Common Stock Options Exercise $0 +25,000 +50% $0.000000 75,239 03 Jan 2022 Direct F1
transaction EOSE Common Stock Tax liability $63,080 -8,300 -11% $7.60 66,939 03 Jan 2022 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 -25,000 -100% $0.000000* 0 03 Jan 2022 Common Stock 25,000 $0.000000 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 was originally scheduled to vest as follows: 25,000 RSUs vesting on January 3, 2022, 75,000 RSUs to vest on January 2, 2023, and 100,000 RSUs to vest on January 1, 2024, subject to continued service through each vesting date. As previously reported, the vesting of 75,000 RSUs was accelerated on December 20, 2021 and the remaining 100,000 RSUs are forfeited, in each case per the Separation agreement signed between the reporting person and the Issuer.
F3 Not applicable