Energous Corp — Director's Dealing 2022

Feb 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energous Corp (WATT)
CIK: 0001575793
Period of Report: 2022-02-15

Reporting Person: Johnston Cesar (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-15	Common Stock	S	13181	$1.23	Disposed	608961	Direct
2022-02-16	Common Stock	A	150000	$0.00	Acquired	758961	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-16	Stock Option (Right to Buy)	$1.27	A	300000	Acquired	2032-02-15	Common Stock (300000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.

F2: Represents restricted stock units ("RSUs") that will vest as to 1/3 of the award on 12/06/2022, with the remaining 2/3 of the award vesting quarterly in equal increments until the RSUs are fully vested on 12/06/2024, subject the Reporting Person's continued service to the Issuer through each vesting date.

F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

F4: The option will vest as to 50% of the award on 12/06/2023, and 25% of the award will vest on each of 12/06/2024 and 12/06/2025, subject the Reporting Person's continued service to the Issuer through each vesting date.