Energous Corp — Director's Dealing 2023

Jan 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energous Corp (WATT)
CIK: 0001575793
Period of Report: 2023-01-03

Reporting Person: Patel Rahul G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-03	Common Stock	A	25000	$0.00	Acquired	75180	Direct
2023-01-04	Common Stock	S	13500	$0.82	Disposed	61680	Direct

Footnotes

F1: The restricted stock units ("RSUs") vest as to 100% of the award on January 2, 2024, subject to the Reporting Person's continued service to the Issuer through such date. The RSUs were granted to the reporting person pursuant to the Company's Non-employee Director Compensation Policy.

F2: Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

F3: 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.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $0.8075 and the highest price at which shares were sold was $0.83. The Reporting Person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.