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ESS Tech, Inc. — Director's Dealing 2021
Oct 19, 2021
34863_dirs_2021-10-18_e45d3b2f-3e4b-448e-bc26-d36ba98c3334.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: ESS Tech, Inc. (GWH)
CIK: 0001819438
Period of Report: 2021-10-08
Reporting Person: Dresselhuys Eric P. (Director, Chief Executive Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $5.3769 | 2031-04-27 | Common Stock (308931) | Direct | |
| Restricted Stock Units | $ | 2026-04-08 | Common Stock (130059) | Direct |
Footnotes
F1: One-fourth of the shares subject to the option vest on March 25, 2022 and 1/48th of the shares 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.