SEC Form 4 · accession 0001567619-19-002190
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cesar Johnston
Officer — EVP, Engineering & Operations
Period of report
Jan 30, 2019
Accepted (ET)
Feb 1, 2019 · 9:13 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 StockF1 | Jan 30, 2019 | A | 25,279 | $0.00 | A | 176,879 | D | |
| Common StockF3 | Jan 30, 2019 | S | 8,089 | $7.40 | D | 168,790 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares vested upon the achievement of certain performance criteria pursuant to a performance based restricted stock unit ("PSU") granted to the reporting person on May 21, 2015 pursuant to the Issuer's 2015 Performance Share Unit Plan.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the acquisition of stock reported on this Form 4 pursuant to the satisfaction of performance criteria. 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.