Energous (WATT) CEO/CFO Burak Mallorie Sara Receives Award

What Happened

• Burak Mallorie Sara, Energous Corp (WATT) CEO, CFO and director, was awarded 146,266 restricted stock units (RSUs) on 2026-08-17. The reported acquisition price is $0.00, so the Form 4 shows $0 cash paid; economic value will depend on WATT's future share price when RSUs convert to common stock.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-18 (timely).
• Type: Award/Grant (RSUs) — transaction code A.
• Shares/units granted: 146,266 RSUs; reported acquisition price: $0.00.
• Vesting: 33% of the RSUs vest on the first anniversary of the grant; the remainder vests in equal quarterly installments over the subsequent two years, subject to continued service.
• Footnote: Grant was a one-time refresher recommended by the issuer’s independent compensation consultant. Each RSU represents the contingent right to receive one share of common stock upon vesting.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This is an equity award (not a market purchase or sale). RSU grants are compensation and typically subject to vesting and service conditions; they do not immediately change circulating share count until shares are issued on vesting.
• Because the grant price is $0 on the Form 4, the report shows no cash paid; actual value will be realized only as RSUs vest and convert to stock (or as determined by company plan).