Dresselhuys Eric P. 4
4 · ESS Tech, Inc. · Filed Dec 21, 2021
Insider Transaction Report
Form 4
Dresselhuys Eric P.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2021-12-17+762,938→ 892,997 total
Footnotes (1)
- [F1]The shares are represented by restricted stock units, or RSUs, of which one-fourth of the 457,763 RSUs vest on May 20, 2022 and the remaining shares vest thereafter in 16 equal quarterly installments and an additional 305,175 RSUs vest as follows: for any forty out of any 60 trading days during the five year period beginning on October 8, 2022 (i) 50% 0f the RSUs shall vest if the closing price per share of the Issuer's common stock is at or greater than $12.50 per share and (ii) 50% of the RSUs shall vest if the closing price is at or greater than $15.00 per share.