Larry Paulson - 11 Feb 2022 Form 4 Insider Report for Novus Capital Corp II (NRGV)

Role
Director
Signature
/s/ Larry Paulson
Issuer symbol
NRGV
Transactions as of
11 Feb 2022
Net transactions value
+$750,000
Form type
4
Filing time
11 Feb 2022, 16:11:18 UTC
Next filing
15 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Class A Common Stock, $0.0001 par value Award $750,000 +75,000 $10.00 75,000 11 Feb 2022 See Footnote F1, F2
transaction NRGV Class A Common Stock, $0.0001 par value Options Exercise $0 +534,256 +712% $0.000000 609,256 11 Feb 2022 See Footnote F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 -431,890 -45% $0.000000 534,256 11 Feb 2022 Class A Common Stock 431,890 $0.000000 See Footnote F2, F4, F5
transaction NRGV Class B Common Stock, $0.0001 par value Options Exercise $0 -534,256 -100% $0.000000* 0 11 Feb 2022 Class A Common Stock 534,256 $0.000000 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Larry Paulson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents 75,000 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 Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson 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 the Trust automatically converted into an equal number of shares of Class A common stock.
F4 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.
F5 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.