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

Role
Director
Signature
/s/ Kelly Goodman, by power of attorney
Issuer symbol
GWH
Transactions as of
17 May 2024
Net transactions value
$0
Form type
4
Filing time
17 May 2024, 12:44:23 UTC
Previous filing
23 May 2023
Next filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWH Common Stock Award $0 +202,702 +27% $0.000000 951,896 17 May 2024 Direct F1, F2
holding GWH Common Stock 85,228 17 May 2024 See footnote F3
holding GWH Common Stock 85,228 17 May 2024 See footnote F4
holding GWH Common Stock 85,228 17 May 2024 See footnote F5
holding GWH Common Stock 568,312 17 May 2024 See footnote F6
holding GWH Common Stock 227,407 17 May 2024 See footnote F7
holding GWH Common Stock 85,228 17 May 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.