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Sumeet Puri, Chief Accounting Officer of Eos Energy Enterprises, Inc. (NASDAQ:EOSE), sold 17,500 shares of common stock on July 29, 2025. The sales were executed at prices ranging from $5.83 to $6.29, netting a total of $103,950. The transaction comes as EOSE shows significant momentum, with the stock delivering an impressive 225% return over the past year despite its characteristic high volatility (Beta of 2.01).
According to a Form 4 filing with the Securities and Exchange Commission, the sales were executed automatically under a Rule 10b5-1 trading plan adopted by Puri on March 14, 2025, to cover estimated tax withholding obligations related to the vesting of restricted stock units.
On July 25, 2025, Puri also exercised options to acquire 58,333 shares of Eos Energy Enterprises common stock, with a strike price of $0. These restricted stock units convert into common stock upon vesting.
Following these transactions, Puri directly owns 136,457 shares of EOSE, representing a stake in the company currently valued at $1.48 billion by market capitalization.
In other recent news, Eos Energy Enterprises has received a $22.7 million second loan advance from the U.S. Department of Energy’s Loan Programs Office. This funding marks the completion of the first tranche, totaling $90.9 million, supporting the company’s expansion of its zinc-based battery manufacturing line. The loan covers 80% of eligible costs associated with the expansion, which is part of Eos Energy’s Project AMAZE. Stifel has maintained its Buy rating on Eos Energy, reiterating a price target of $8.50, following this government funding. Additionally, Eos Energy announced an increase in CEO Joe Mastrangelo’s annual base salary from $650,000 to $800,000, effective August 1, 2025. This adjustment comes after a review by the board’s Leadership Development & Compensation Committee, marking the first salary change since 2021. The independent compensation consultant provided benchmark data for this decision. These developments highlight the company’s ongoing efforts to enhance its manufacturing capabilities and leadership structure.
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