Form 4: ESS Tech Interim CEO Kelly F. Goodman Reports Stock Transaction
SEC Form 4 Filing
Interim CEO of ESS Tech, Kelly F. Goodman, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 20, 2025, Kelly F. Goodman, Interim CEO of ESS Tech, Inc. [GWH], reported a transaction involving common stock.
- 2,164 shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) at a price of $1.96 per share.
- Following the transaction, Goodman directly owns 89,461 shares of ESS Tech, Inc., a portion of which are RSUs representing the right to receive common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't contain any information that would significantly impact the company's outlook positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as the CEO, ensuring fair markets.
Comparison to Industry Standards
- Form 4 filings are a regulatory requirement for company insiders in the US, similar to insider transaction reporting requirements in other developed markets.
- The reporting of RSU vesting and associated tax withholding is a common occurrence across publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of stock transaction (disposal of shares for tax withholding). |
| 05/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, ESS Tech, Kelly F. Goodman, GWH, Interim CEO, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Withholding
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