Michael R. Niggli - May 17, 2024 Form 4 Insider Report for ESS Tech, Inc. (GWH)

Role
Director
Signature
/s/ Kelly Goodman, by power of attorney
Stock symbol
GWH
Transactions as of
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
5/17/2024, 12:44 PM
Previous filing
May 23, 2023
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWH Common Stock Award $0 +203K +27.06% $0.00 952K May 17, 2024 Direct F1, F2
holding GWH Common Stock 85.2K May 17, 2024 See footnote F3
holding GWH Common Stock 85.2K May 17, 2024 See footnote F4
holding GWH Common Stock 85.2K May 17, 2024 See footnote F5
holding GWH Common Stock 568K May 17, 2024 See footnote F6
holding GWH Common Stock 227K May 17, 2024 See footnote F7
holding GWH Common Stock 85.2K May 17, 2024 See footnote F8
* 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 ("RSUs") which vest on the earlier of (i) May 17, 2025 or (ii) the day prior to the next annual meeting of stockholders. The Reporting Person has elected to defer the settlement of these RSUs to a date within 30 days of the earlier of (i) his separation of service from the Issuer within the meaning of Section 409A of the Internal Revenue Code (Section 409A) or (ii) the date on which a change of control (as defined in the Issuer's plan) occurs, provided that such transaction qualifies as a change of control within the meaning of Section 409A.
F2 A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The shares are held of record by the Chloe D. Niggli Gift Trust for which the reporting person serves as trustee.
F4 The shares are held of record by the Michael R. Niggli Jr. 2021 Gift Trust for which the reporting person serves as trustee.
F5 The shares are held of record by the Lorelei A. Niggli 2021 Gift Trust for which the reporting person serves as trustee.
F6 The shares are held of record by the Linda Naviaux Niggli Trust for which the reporting person's spouse serves as trustee.
F7 The shares are held of record by the Michael R. Niggli Family Trust for which the reporting person serves as trustee.
F8 The shares are held of record by the Ian M. Niggli 2021 Gift Trust for which the reporting person serves as trustee.