Energous (WATT) Director Rahul G. Patel Receives RSU Award

What Happened

Rahul G. Patel, a director of Energous Corp (WATT), received an award of 3,021 restricted stock units (RSUs) on 2026-08-17. The award was granted at $0.00 per share (total reported value $0) and is reported as an "A" (award/grant) transaction. RSUs are compensation—no shares were purchased or sold in this transaction.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-18 (timely filing).
• Transaction type/code: A — Grant/Award of RSUs.
• Amount: 3,021 RSUs granted at $0.00 per RSU (total $0 reported).
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 — RSUs vest in four equal quarterly installments from the grant date, subject to continued service; each RSU represents the contingent right to receive one share of common stock.

Context

RSUs represent a right to receive shares in the future if vesting conditions are met; they are commonly used for executive/director compensation and retention. Because these are awards (not open-market purchases or sales), they do not by themselves indicate an immediate market bet by the insider. Issuance of shares upon vesting could have a small dilutive effect when/if the RSUs convert to stock.