Rich Hossfeld - May 15, 2024 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
May 15, 2024
Transactions value $
$0
Form type
4
Date filed
5/17/2024, 12:47 PM
Previous filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWH Common Stock Disposed to Issuer $0 -135K -91.55% $0.00 12.5K May 15, 2024 Direct F1
transaction GWH Common Stock Award $0 +203K +1621.62% $0.00 215K May 17, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has elected to decline the shares issuable upon the settlement of the Restricted Stock Unit (RSU) awarded on May 19, 2023. As a result, the RSU was cancelled on May 15, 2024.
F2 The reported shares are represented by 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.
F3 A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.