Nigro Joseph 4

What Happened Joseph Nigro, a director of Eos Energy Enterprises, recorded an exercise/conversion of a derivative (Form 4 transaction code M) that resulted in the acquisition of 3,565 shares and a simultaneous disposition of 3,565 shares on 2026-06-02. Both the acquired and disposed transactions show a reported price of $0.00, so no cash consideration is recorded in the filing.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-03 (timely filing).
• Transaction type/code: Exercise/conversion of a derivative (M).
• Shares acquired: 3,565 at $0.00; Shares disposed: 3,565 at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 clarifies that each restricted stock unit (RSU) represents a contingent right to receive one share of common stock; F2 not applicable.
• Filing timeliness: Filed within one day of the transaction (no late filing flag).

Context The filing indicates conversion of RSUs into common stock (per footnote F1). Entries showing both an acquisition and a same-size disposition at $0.00 often reflect administrative conversion and transfer events (for example, vesting/settlement of RSUs and subsequent transfer or withholding), but the filing does not state the reason for the disposition. This is not a purchase (a direct bullish cash investment) nor a typical open-market sale with proceeds; it documents conversion/settlement activity.