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

Role
Chief Financial Officer
Signature
/s/ Vincent Donargo
Issuer symbol
NRGV
Transactions as of
11 Feb 2022
Net transactions value
$0
Form type
4
Filing time
11 Feb 2022, 17:54:10 UTC
Next filing
24 Feb 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 Options Exercise $0 +201,606 $0.000000 201,606 11 Feb 2022 See Footnote F1, F2

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 -162,977 -45% $0.000000 201,606 11 Feb 2022 Class A Common Stock 162,977 $0.000000 See Footnote F2, F3, F4
transaction NRGV Class B Common Stock, $0.0001 par value Options Exercise $0 -201,606 -100% $0.000000* 0 11 Feb 2022 Class A Common Stock 201,606 $0.000000 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 201,606 shares of Class B common stock owned by V Donargo LLC automatically converted into an equal number of shares of Class A common stock. 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 V Donargo LLC. Mr. Donargo is the Chief Financial Officer of V Donargo LLC. Mr. Donargo disclaims beneficial ownership of the securities held by V Donargo LLC except to the extent of his pecuniary interest therein.
F3 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.
F4 Represents the automatic forfeiture of 162,977 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.