Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NRGV | Class A Common Stock, $0.0001 par value | Award | $300K | +30K | $10.00 | 30K | Feb 11, 2022 | Direct | F1 | |
transaction | NRGV | Class A Common Stock, $0.0001 par value | Award | $2.2M | +220K | $10.00 | 220K | Feb 11, 2022 | See Footnote | F2, F3 | |
transaction | NRGV | Class A Common Stock, $0.0001 par value | Options Exercise | $0 | +161K | +537.62% | $0.00 | 191K | Feb 11, 2022 | Direct | 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 | -130K | -44.7% | $0.00 | 161K | Feb 11, 2022 | Class A Common Stock | 130K | $0.00 | Direct | F5, F6 |
transaction | NRGV | Class B Common Stock, $0.0001 par value | Options Exercise | $0 | -161K | -100% | $0.00* | 0 | Feb 11, 2022 | Class A Common Stock | 161K | $0.00 | Direct | F4, F5 |
Heather Goodman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | Represents 30,000 shares of Class A common stock purchased from the issuer by Heather Goodman and Doug Raetz as tenants in common 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 | Represents 220,000 shares of Class A common stock purchased from the issuer by True VC LLC - Series 15 in a private placement transaction for $10.00 per share. |
F3 | The shares are owned directly by True VC LLC - Series 15. Ms. Goodman is a managing member of True VC LLC - Series 15. Ms. Goodman disclaims beneficial ownership of the securities held by True VC LLC - Series 15 except to the extent of her pecuniary interest therein. |
F4 | Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 161,285 shares of Class B common stock owned by Heather Goodman and Doug Raetz as tenants in common automatically converted into an equal number of shares of Class A common stock. |
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 130,382 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. |