Form 4: Energous Corp CEO & CFO, Mallorie Sara Burak, Reports Acquisition of 35,000 Shares

Mallorie Sara Burak, CEO & CFO of Energous Corp, reports acquiring 35,000 shares of common stock through restricted stock units.

Summary

• On October 16, 2024, Mallorie Sara Burak, the CEO & CFO of Energous Corp, acquired 35,000 shares of common stock.
• These shares were obtained through restricted stock units (RSUs).
• The RSUs vest in equal installments on October 16 of each year from 2025 to 2028, contingent upon continued service to the Issuer.
• The reporting person now directly owns 112,000 shares.
• Each RSU represents the right to receive one share of Energous Corp's common stock upon settlement.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing related to stock acquisition by an executive. The acquisition itself could be seen as mildly positive, but the filing is primarily informational.

Positives

• The CEO & CFO's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the executive's holdings in the company. It is common for executives to receive stock-based compensation as part of their overall remuneration package.

Stakeholder Impact

• The acquisition of shares by the CEO & CFO could positively influence shareholder confidence.

Key Dates

Keywords

Form 4, Energous Corp, WATT, Mallorie Sara Burak, CEO, CFO, Stock Acquisition, Restricted Stock Units, RSUs, Beneficial Ownership