Form 4: ESS Tech Interim CEO Kelly F. Goodman Reports Stock Transactions
SEC Form 4 Filing
Interim CEO of ESS Tech, Kelly F. Goodman, reports acquisition of restricted stock units and disposition of shares to cover tax obligations.
Summary
- Kelly F. Goodman, Interim CEO of ESS Tech, filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, Goodman acquired 10,000 shares represented by restricted stock units (RSUs) at a price of $0, vesting in 16 equal quarterly installments starting February 20, 2025.
- Following this transaction, Goodman beneficially owned 56,184 shares.
- On February 20, 2025, 1,489 shares were disposed of at $4.81 per share to satisfy tax withholding obligations upon vesting of RSUs, reducing beneficial ownership to 54,695 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency to investors regarding the holdings and transactions of key company personnel.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Acquisition of 10,000 restricted stock units (RSUs) |
| 02/20/2025 | First vesting date of RSUs and disposition of 1,489 shares for tax obligations |
| 04/04/2025 | Date of Form 4 filing |
Keywords
Form 4, Beneficial Ownership, ESS Tech, Kelly F. Goodman, RSUs, Stock Transactions, GWH
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