Eos Energy (EOSE) Director Urban David Acquires 12,185 Shares

What Happened
Urban David, a director of Eos Energy Enterprises (EOSE), converted subscription rights in the company’s July 21, 2026 rights offering. He acquired 12,185 common shares by paying $5.48 per share (total cash paid $66,774) and, as part of the same conversion, received 5,347 warrants (no cash paid for the warrants). The filing reports the conversion/exercise of the subscription right instrument (derivative) into the share and warrant components.

Key Details

• Transaction date: July 21, 2026; Form 4 filed August 6, 2026 (filed late relative to the typical 2-business-day rule).
• Primary purchase: 12,185 common shares at $5.48 each = $66,774 (code M: exercise/conversion of derivative).
• Derivative items: 12,185 subscription rights converted (disposed) and 5,347 warrants received (both reported as derivative activity at $0.00). 5,347 = 12,185 × 0.4388 (warrant ratio).
• Shares/warrants owned after transaction: Not reported in the excerpt provided.
• Footnotes: F1 explains conversion of subscription rights into units (1 share + 0.4388 warrant per right). F2 notes warrants became exercisable immediately after closing and expire 10 years later.

Context
This was a buy/conversion tied to a rights offering, not an open-market purchase. The warrants received are exercisable at $5.48 per share and must be exercised or redeemed before they expire (10 years after issuance) to have value. The filing was submitted on Aug 6 for a Jul 21 transaction, which is later than the standard short-window reporting requirement and reduces immediacy of public disclosure.