WILLIAM GROSS - 11 Feb 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role: Director, 10%+ Owner
Signature: /s/ Daniel Gunning, Attorney-in-Fact
Issuer symbol: NRGV
Transactions as of: 11 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Feb 2022, 19:19:03 UTC
Previous filing: 04 Jan 2022
Next filing: 16 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Award		+15,583,548			15,583,548	11 Feb 2022	Held by Idealab Studio, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the merger described in that certain Business Combination Agreement and Plan of Reorganization, dated as of September 8, 2021, by and among Novus Capital Corporation II, now known as Energy Vault Holdings, Inc. ("Energy Vault Holdings") (the "Issuer"), NCCII Merger Corp. ("Merger Sub"), and Energy Vault, Inc. ("Energy Vault"), pursuant to which Merger Sub merged with and into Energy Vault, with Energy Vault surviving as a wholly-owned subsidiary of the Issuer (the "Merger").
F2	The Reporting Person received shares of Common Stock in exchange for 2,300,664 shares of common stock in Energy Vault. On the effective date of the Merger, the closing price of the Issuer's Common Stock was $11.55 per share. The Reporting Person disclaims any such beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Content

In connection with the merger described in that certain Business Combination Agreement and Plan of Reorganization, dated as of September 8, 2021, by and among Novus Capital Corporation II, now known as Energy Vault Holdings, Inc. ("Energy Vault Holdings") (the "Issuer"), NCCII Merger Corp. ("Merger Sub"), and Energy Vault, Inc. ("Energy Vault"), pursuant to which Merger Sub merged with and into Energy Vault, with Energy Vault surviving as a wholly-owned subsidiary of the Issuer (the "Merger").

The Reporting Person received shares of Common Stock in exchange for 2,300,664 shares of common stock in Energy Vault. On the effective date of the Merger, the closing price of the Issuer's Common Stock was $11.55 per share. The Reporting Person disclaims any such beneficial ownership of such shares except to the extent of his pecuniary interest therein.