Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NRGV | Class A Common Stock, $0.0001 par value | Award | $2.75M | +275K | $10.00 | 275K | Feb 11, 2022 | See Footnote | F1, F2 | |
transaction | NRGV | Class A Common Stock, $0.0001 par value | Options Exercise | $0 | +534K | +194.27% | $0.00 | 809K | Feb 11, 2022 | See Footnote | F3, F4 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NRGV | Class B Common Stock, $0.0001 par value | Disposed to Issuer | $0 | -432K | -44.7% | $0.00 | 534K | Feb 11, 2022 | Class A Common Stock | 432K | $0.00 | See Footnote | F4, F5, F6 |
transaction | NRGV | Class B Common Stock, $0.0001 par value | Options Exercise | $0 | -534K | -100% | $0.00* | 0 | Feb 11, 2022 | Class A Common Stock | 534K | $0.00 | See Footnote | F3, F4, F5 |
Jeffrey Foster is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | Represents 275,000 shares of Class A common stock purchased from the issuer in a private placement transaction for $10.00 per share. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc. |
F2 | The shares are owned directly by the Jeffrey Foster Living Trust (the "Trust"). Mr. Foster is a trustee of the Trust. Mr. Foster disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. |
F3 | Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 534,256 shares of Class B common stock owned by New Frontier LLC automatically converted into an equal number of shares of Class A common stock. |
F4 | The shares are owned directly by New Frontier LLC. Mr. Foster is a manager of New Frontier LLC. He disclaims beneficial ownership of the securities held by New Frontier LLC except to the extent of his pecuniary interest therein. |
F5 | As described in the issuer's registration statement on Form S-4 (File No. 333-260307) under the heading "Description of Securities--Founder Shares," shares of Class B common stock, par value $0.0001 per share, of the issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date. |
F6 | Represents the automatic forfeiture of 431,890 shares of Class B common stock for no additional consideration in connection with the closing of the issuer's business combination with Energy Vault, Inc. |