Form 4: ESS Tech CFO Sells Shares for Tax Withholding

ESS Tech, Inc. CFO Kate Eileen Suhadolnik sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Kate Eileen Suhadolnik, Chief Financial Officer of ESS Tech, Inc., reported the sale of company common stock on May 21, 2026, and May 22, 2026.
• The sales were conducted to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• On May 21, 2026, 1,735 shares were sold at a weighted average price of $0.9181, with individual sale prices ranging from $0.9024 to $0.971.
• On May 22, 2026, 1,922 shares were sold at a weighted average price of $0.9346, with individual sale prices ranging from $0.92 to $0.95.
• Following these transactions, Suhadolnik beneficially owns 160,757 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transactions are routine and related to tax obligations rather than a reflection of the executive's view on the company's future prospects.

Negatives

• The CFO sold a portion of her shares, indicating a need to liquidate assets to cover tax liabilities.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, often related to routine events like tax obligations upon vesting of equity awards. The prices at which these shares were sold may provide some insight into the current market valuation of ESS Tech, Inc. (GWH).

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even for tax purposes, can sometimes be perceived negatively, though the context of tax withholding mitigates this concern.
• Employees: The filing highlights the tax implications of equity compensation, which is relevant to other employees receiving similar awards.

Key Dates

Keywords

ESS Tech, GWH, Form 4, Insider Trading, Stock Sale, Tax Withholding, RSU Vesting, CFO