William Gross - May 12, 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role: Director, 10%+ Owner
Signature: /s/ Daniel Gunning, Attorney-in-Fact
Stock symbol: NRGV
Transactions as of: May 12, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/16/2022, 09:02 PM
Previous filing: Feb 15, 2022
Next filing: Jun 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Other	$0	+5.4M		$0.00	5.4M	May 12, 2022	Held by Gross Goodstein Living Trust dated April 18, 2006	F1
transaction	NRGV	Common Stock	Other	$0	-13.8M	-88.87%	$0.00	1.73M	May 12, 2022	Held by Idealab Studio, LLC	F2
transaction	NRGV	Common Stock	Other	$0	+1.48M		$0.00	1.48M	May 12, 2022	Held by Idealab Holdings, LLC	F3

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

Explanation of Responses:

Id	Content
F1	Represents an acquisition of securities from an in-kind distribution from Idealab Studio, LLC to its members, and not a purchase or sale, without additional consideration paid, and is therefore an exempt, non-matchable acquisition pursuant to Section 16(b). Mr. Gross is co-Trustee together with his wife of the Gross Goodstein Living Trust dated April 18, 2006 (the "Trust") and may be deemed to have beneficial ownership of the securities held the Trust. Mr. Gross disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2	Represents a disposition of securities from an in-kind distribution, and not a purchase or sale, without additional consideration paid.
F3	Represents an acquisition of securities from an in-kind distribution from Idealab Studio, LLC to its members, and not a purchase or sale, without additional consideration paid, and is therefore an exempt, non-matchable acquisition pursuant to Section 16(b). Idealab Holdings, LLC ("Holdings") is a wholly-owned subsidiary of Idealab, a California corporation. Idealab is managed by a board of directors consisting of Bill Gross, Marcia Goodstein (Mr. Gross's wife), Renee LaBran and Bob Kavner, and no single person has voting or dispositive authority over the securities reported herein. Mr. Gross may be deemed to share beneficial ownership of the securities held by Holdings. Mr. Gross disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.