SEC Form 4 · accession 0001140361-18-010926
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Sereda
Officer — Senior Vice President & CFO
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 7:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Feb 26, 2018 | S | 2,855 | $21.9133 | D | 68,570 | D | |
| Common StockF4,F5 | Feb 26, 2018 | S | 13,935 | $22.2434 | D | 54,635 | D | |
| Common Stock | holding | — | — | — | 12,015 | I | Sereda Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of a restricted stock unit grant that was previously reported in Table I on the Form 4 filed on February 27, 2017. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F3Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $21.90 to $21.9901 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F4Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $22.13 to $22.38 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F5Includes 457 shares acquired under the Issuer's employee stock purchase plan on January 2, 2018.