Form 4: ESS Tech Interim CEO's RSU Tax Withholding

ESS Tech's Interim CEO, Kelly F. Goodman, disposed of 4,326 common shares to cover tax obligations related to RSU vesting.

Summary

• Interim CEO Kelly F. Goodman disposed of 4,326 shares of ESS Tech, Inc. common stock.
• The transaction occurred on August 20, 2025, at a price of $1.61 per share.
• These shares were withheld by the company to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Kelly F. Goodman beneficially owns 85,135 shares, which include a portion of RSUs.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to RSU vesting, which is a neutral event in terms of company performance or outlook. It reflects standard equity compensation practices.

Positives

• Vesting of Restricted Stock Units (RSUs) indicates a compensation event for the Interim CEO.

Negatives

• Interim CEO Kelly F. Goodman's direct beneficial ownership of common stock decreased by 4,326 shares.

Future Outlook

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

Industry Context

This filing is a routine insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves the disposition of shares by the Interim CEO to the Issuer to satisfy tax withholding obligations related to RSU vesting.

Stakeholder Impact

• Shareholders: A minor reduction in insider direct ownership, but for a routine tax purpose, so minimal impact.
• Employees: Reflects standard equity compensation practices (RSU vesting).

Key Dates

Keywords

ESS Tech, GWH, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Restricted Stock Units, CEO, Equity Compensation