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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Daniel Gunning, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Feb 11, 2022
Transactions value $
$0
Form type
4
Date filed
2/15/2022, 07:21 PM
Previous filing
Dec 13, 2021
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Award +6.23M 6.23M Feb 11, 2022 Direct F1, F2
transaction NRGV Common Stock Award +4.31M 4.31M Feb 11, 2022 Held by Piconi 2021 Delaware Trust F1, F3
transaction NRGV Common Stock Award +4.31M 4.31M Feb 11, 2022 Held by Piconi Family 2021 Delaware Trust F1, F4
* 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 919,113 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.
F3 The Reporting Person received shares of Common Stock in exchange for 636,000 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.
F4 The Reporting Person received shares of Common Stock in exchange for 636,000 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.