Eos Energy (EOSE) Director Claude Demby Exercises Rights (1,825 shares)

What Happened
Claude Demby, a director of Eos Energy Enterprises (EOSE), exercised subscription rights in a rights offering on July 21, 2026. He paid $5.48 per share to acquire 1,825 common shares for a total of $10,001 and, as part of the same conversion, received 801 warrants. No open-market sale of the newly acquired shares was reported in this filing.

Key Details

• Transaction date: July 21, 2026; Form 4 filed August 6, 2026 (filed 16 days after the transaction). This appears to be a late filing.
• Shares acquired: 1,825 common shares at $5.48 each — total cash paid $10,001.
• Derivative activity: 801 warrants acquired (recorded at $0.00 in the filing as part of the conversion). A separate line shows conversion/disposition of 1,825 subscription rights (also recorded at $0.00).
• Warrant terms (footnote): Warrants became exercisable immediately after the rights offering closed, have an exercise price of $5.48 per share, and expire 10 years from issuance (unless exercised or redeemed earlier).
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: M (exercise or conversion of a derivative instrument).

Context

• This was an exercise/conversion of rights from a rights offering (not an open-market purchase or sale). Each subscription right converted into 1 share plus 0.4388 of a warrant; the math explains the 1,825 shares → 801 warrants outcome.
• The director paid cash ($10,001) to acquire shares and also received warrants that may have future value if EOSE’s share price exceeds $5.48 before the 10-year expiry.
• The filing’s late date is purely procedural information; it does not, by itself, indicate intent or a change in company fundamentals.