Goncagul Icoren - Feb 24, 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Signature
/s/ Timothy Maloche, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Feb 24, 2023
Transactions value $
-$8,464
Form type
4
Date filed
2/28/2023, 05:15 PM
Previous filing
Feb 1, 2023
Next filing
Mar 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Options Exercise $0 +5.64K +0.71% $0.00 803K Feb 24, 2023 Direct F1
transaction NRGV Common Stock Tax liability -$3.59K -1.15K -0.14% $3.12 802K Feb 24, 2023 Direct
transaction NRGV Common Stock Tax liability -$4.88K -1.15K -0.14% $4.24 801K Feb 24, 2023 Direct

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 Options Exercise $0 -5.64K -100% $0.00* 0 Feb 24, 2023 Common Stock 5.64K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes an aggregate of 727,390 restricted stock units ("RSUs") previously reported in Table II.
F2 The Reporting Person was granted RSUs, which represent a contingent right to receive one share of Common Stock for each RSU. These shares are being issued in respect of the settlement of equity awards under the Company's equity benefit plans. The RSUs vest upon the satisfaction of the service-based requirement, which provides that the RSUs will vest or have vested as follows: with respect to 25% of the RSUs on September 7, 2022, and with respect to 1/48th of the RSUs each month thereafter, subject to the Reporting Person's continuous service with the Issuer through each vesting date.