Energous Corp — Director's Dealing 2022

Aug 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energous Corp (WATT)
CIK: 0001575793
Period of Report: 2022-08-15

Reporting Person: Patel Rahul G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-15	Common Stock	M	14021	$0.00	Acquired	57751	Direct
2022-08-16	Common Stock	S	7571	$1.494	Disposed	50180	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-15	Restricted Stock Units	$0.00	M	14021	Disposed		14021 (14021)	Direct

Footnotes

F1: On May 20, 2022, the Reporting Person filed Form 5 to report the vesting of 14,021 restricted stock units on August 15, 2021 (the "August 2021 RSUs"). The holdings reported in Table I, Column 5 of Forms 4 filed on January 5, 2022 and February 17, 2022 do not reflect the vesting and settlement of the August 2021 RSUs.

F2: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.50 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.

F5: The RSUs vested as to 1/3 of the underlying shares on each of August 15, 2020, August 15, 2021 and August 15, 2022. The RSUs were granted to the reporting person pursuant to the Company's Non-employee Director Compensation Policy.

F6: RSUs do not expire; they either vest or are canceled prior to the vesting date.