Henry Elkus - Jul 18, 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role: Director
Signature: /s/ Daniel Gunning, Attorney-in-Fact
Stock symbol: NRGV
Transactions as of: Jul 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/20/2022, 04:23 PM
Previous filing: Feb 15, 2022
Next filing: Aug 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Other	$0	-1.19M	-100%	$0.00^*	0	Jul 18, 2022	Held by HSI Puma LLC	F1
holding	NRGV	Common Stock						1.61M	Jul 18, 2022	Held by Helena ZePak EV LLC
holding	NRGV	Common Stock						4.72M	Jul 18, 2022	Held by HSI Energy Vault I LLC
holding	NRGV	Common Stock						1.87M	Jul 18, 2022	Held by HSI Energy Vault II LLC
holding	NRGV	Common Stock						233K	Jul 18, 2022	Held by HIS EV Brasil LLC
holding	NRGV	Common Stock						112K	Jul 18, 2022	Held by EN Fund I, A Series of Helena Special Investments AL Ventures, LP

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

Explanation of Responses:

Id	Content
F1	Represents a disposition of securities from an in-kind distribution, and not a purchase or sale, without additional consideration paid. Such distribution was made in accordance with the lock-up agreement entered into between the HSI Puma LLC and the Issuer at the closing of the Issuer's business combination with Energy Vault, Inc. on February 11, 2022 (the "Original Lock-Up Agreement"), and the distributee has entered into a lock-up agreement with the Issuer in substantially the same form as the Original Lock-Up Agreement.

Content

Represents a disposition of securities from an in-kind distribution, and not a purchase or sale, without additional consideration paid. Such distribution was made in accordance with the lock-up agreement entered into between the HSI Puma LLC and the Issuer at the closing of the Issuer's business combination with Energy Vault, Inc. on February 11, 2022 (the "Original Lock-Up Agreement"), and the distributee has entered into a lock-up agreement with the Issuer in substantially the same form as the Original Lock-Up Agreement.