Robert Piconi - Dec 16, 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Signature
/s/ Timothy Maloche, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Dec 16, 2022
Transactions value $
$0
Form type
4
Date filed
12/20/2022, 04:44 PM
Previous filing
Nov 15, 2022
Next filing
Mar 15, 2023

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 +1.19M $0.00 1.19M Dec 16, 2022 Common Stock 1.19M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted Restricted Stock Units ("RSU") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs vest (subject to the Reporting Person's continued service to the Company or its subsidiaries through the applicable vesting date) as to 33.2% on October 31, 2023 and as to 8.35% upon completion of each three-month period thereafter, such that the RSUs will be fully vested on October 31, 2025, provided that any RSU which would be fractionally vested shall be accumulated and shall vest on the first vesting date upon which a whole RSU has accumulated.