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

Role
Director
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Issuer symbol
NRGV
Transactions as of
16 Dec 2022
Net transactions value
$0
Form type
4
Filing time
10 Feb 2023, 18:27:29 UTC
Previous filing
15 Aug 2022
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Award $0 +46,516 +83% $0.000000 102,642 16 Dec 2022 Direct F1
holding NRGV Common Stock 609,256 16 Dec 2022 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an award of restricted stock units ("RSUs"), 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) in three equal annual installments, such that the RSUs will be fully vested on October 31, 2025.
F2 The shares are owned directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.