Goodman, ESS tech CSO, sells $3494 in GWH stock
#ESS Tech #GWH stock #insider trading #energy storage #Kelly Goodman #VoltStorage #iron-salt battery #Randall Selesky
📌 Key Takeaways
- Kelly F. Goodman sold 2,269 shares of ESS Tech stock worth $3,494 to cover tax obligations
- The stock has declined 54% over the past year but may be undervalued according to analysis
- ESS Tech raised $15 million through a stock offering at $1.75 per share
- The company acquired VoltStorage GmbH's intellectual property to enhance energy storage solutions
📖 Full Retelling
Kelly F. Goodman, Chief Strategy Officer and General Counsel at ESS Tech, Inc. (NYSE:GWH), sold 2,269 shares of the company's common stock on February 20, 2026, to cover tax withholding obligations related to the vesting of restricted stock units, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $1.54, for a total transaction value of $3,494. Following the transaction, Goodman directly owns 215,853 shares of ESS Tech, Inc., a portion of which are in the form of restricted stock units. The stock has faced significant headwinds, declining 54% over the past year to its current price of $1.66, though according to InvestingPro analysis, ESS Tech appears undervalued at current levels based on Fair Value estimates. Despite the insider sale, the company has been actively pursuing strategic initiatives to strengthen its market position, including closing a registered direct offering that raised approximately $15 million through the sale of 8,571,428 shares at $1.75 per share. Additionally, ESS Tech has expanded its technological capabilities by acquiring VoltStorage GmbH's intellectual property and assets, including advancements in iron-salt battery technology, which is expected to enhance the company's long-duration energy storage solutions. The company also appointed Randall 'Randy' Selesky as Chief Commercial Officer, bringing over 20 years of energy sector experience to oversee global commercial strategy and business development efforts.
🏷️ Themes
Insider Trading, Corporate Strategy, Energy Storage
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros Dorsey’s Block slashes workforce 40% to embrace AI-native future, shares gain This is where Deutsche Bank sees silver prices ending the year Gold prices mixed as U.S.-Iran nuclear talks end after ’significant progress’ (South Africa Philippines Nigeria) Goodman, ESS tech CSO, sells $3494 in GWH stock By Investing.com Insider Trading Published 02/26/2026, 10:32 PM Goodman, ESS tech CSO, sells $3494 in GWH stock 0 GWH 4.40% Kelly F. Goodman, Chief Strategy Officer and General Counsel at ESS Tech, Inc. (NYSE:GWH) , sold 2,269 shares of the company’s common stock on February 20, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $1.54, for a total transaction value of $3494. The sale was to cover tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Goodman directly owns 215,853 shares of ESS Tech , Inc. a portion of which are in the form of restricted stock units.The stock has faced significant headwinds, declining 54% over the past year to its current price of $1.66. According to InvestingPro analysis, ESS Tech appears undervalued at current levels based on Fair Value estimates. The company is quickly burning through cash, one of 14 key insights available in the comprehensive Pro Research Report for GWH. In other recent news, ESS Tech, Inc. has announced significant developments impacting its business operations. The company successfully closed a registered direct offering, raising approximately $15 million through the sale of 8,571,428 shares of common stock and pre-funded warrants. This offering was conducted at a premium price of $1.75 per share. Additionally, ESS Tech has expanded its technological capabilities by acquiring VoltStorage GmbH’s intellectual property and assets, which include advancements in iron-salt battery technol...
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