Jeff Bodner - 08 Oct 2021 Form 3 Insider Report for ESS Tech, Inc. (GWH)

Role
Chief Accounting Officer
Signature
/s/ Amir Moftakhar, by power of attorney
Issuer symbol
GWH
Transactions as of
08 Oct 2021
Transactions value $
$0
Form type
3
Filing time
18 Oct 2021, 20:27:04 UTC
Next filing
17 Nov 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GWH Employee Stock Option (right to buy) 08 Oct 2021 Common Stock 44.1K $5.38 Direct F1
holding GWH Restricted Stock Units 08 Oct 2021 Common Stock 11.2K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares subject to the option vest on April 15, 2022 and 1/48th vest monthly thereafter.
F2 Each restricted stock unit, or RSU, represents a contingent right to receive one share of common stock. One half of the RSUs vest if the volume weighted average price of the common stock over twenty trading days within any thirty trading day period is greater than or equal to $12.50, and one half of the RSUs vest if the volume weighted average price of the common stock over twenty trading days within any thirty trading day period is greater than or equal to $15.00.

Remarks:

Exhibit 24 - Power of Attorney