Robert Piconi - Dec 16, 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
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.

Content

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.