David W. Hitchcock - Jul 29, 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role: Interim CFO
Signature: /s/ Daniel Gunning, Attorney-in-Fact
Stock symbol: NRGV
Transactions as of: Jul 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/2/2022, 06:26 PM
Previous filing: Apr 26, 2022

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	Restricted Stock Unit	Award	$0	+375K		$0.00	375K	Jul 29, 2022	Common Stock	375K		Direct	F1
transaction	NRGV	Restricted Stock Unit	Award	$0	+275K		$0.00	275K	Jul 29, 2022	Common Stock	275K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on May 12, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a three year period. One third of the RSUs will vest on April 30, 2023 and 1/12 of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.
F2	Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on July 3, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on April 30, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.

Content

Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on May 12, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a three year period. One third of the RSUs will vest on April 30, 2023 and 1/12 of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.

Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on July 3, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on April 30, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.