Johannes Cornelis Maria van Gaalen - Jan 10, 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role
Chief Financial Officer
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Jan 10, 2023
Transactions value $
$0
Form type
4
Date filed
1/12/2023, 04:10 PM
Previous filing
Dec 30, 2022
Next filing
Dec 14, 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 Units Award $0 +250K $0.00 250K Jan 10, 2023 Common Stock 250K Direct F1, F2
transaction NRGV Restricted Stock Units Award $0 +350K $0.00 350K Jan 10, 2023 Common Stock 350K 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 November 30, 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 $11.00, $13.00, and $15.00 per share for 20 trading days within any 30 trading day period during the period beginning on November 30, 2023 and ending on November 30, 2026.