Robert Piconi - 10 Nov 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Issuer symbol
NRGV
Transactions as of
10 Nov 2022
Net transactions value
$0
Form type
4
Filing time
15 Nov 2022, 19:47:56 UTC
Previous filing
25 Aug 2022
Next filing
20 Dec 2022
SEC
View on sec.gov

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 Units Award $0 +2,600,000 $0.000000 2,600,000 10 Nov 2022 Common Stock 2,600,000 Direct F1, F2
transaction NRGV Restricted Stock Units Award $0 +3,900,000 $0.000000 3,900,000 10 Nov 2022 Common Stock 3,900,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The RSUs do not expire.
F2 The RSUs vest as to 25% of the underlying shares on February 28, 2023, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.
F3 The RSUs will vest as to 33% of the underlying shares upon the achievement of each of the Issuer's share price achieving a daily closing trading price at or above $15.00, $17.50, and $20.00 per share for 20 trading days within any 30 trading day period during the period beginning on February 11, 2022 and ending on February 11, 2029.