Harry Quarls - Aug 28, 2023 Form 4 Insider Report for ESS Tech, Inc. (GWH)

Role
Director
Signature
/s/ Kelly F. Goodman, by power of attorney
Stock symbol
GWH
Transactions as of
Aug 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/30/2023, 08:47 PM
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWH Common Stock Award $0 +123K $0.00 123K Aug 28, 2023 Direct F1, F2

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 GWH Stock Option (right to buy) Award $0 +185K $0.00 185K Aug 28, 2023 Common Stock 185K $1.43 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by restricted stock units, or RSUs, which vest as to 1/3 of the RSUs on the one year anniversary of the date of grant and 1/3 of the RSUs shall vest annually thereafter, provided that the Reporting Person remains a Service Provider to the issuer on each such vest date.
F2 A portion of these securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F3 1/3 of the shares subject to the option shall vest on the one year anniversary of the date of grant and 1/3 of the shares subject to the option shall vest annually thereafter, provided that the Reporting Person remains as a Service Provider to the issuer as of each vest date.