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

Role: Chief Technology Officer
Signature: /s/ Timothy Maloche, Attorney-in-Fact
Stock symbol: NRGV
Transactions as of: Feb 24, 2023
Transactions value $: -$132,822
Form type: 4
Date filed: 2/28/2023, 05:16 PM
Previous filing: Feb 17, 2023
Next filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Options Exercise	$0	+97.6K	+3.98%	$0.00	2.55M	Feb 24, 2023	Direct	F1
transaction	NRGV	Common Stock	Tax liability	-$61.4K	-19.7K	-0.77%	$3.12	2.53M	Feb 24, 2023	Direct
transaction	NRGV	Common Stock	Tax liability	-$71.4K	-16.8K	-0.67%	$4.24	2.51M	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	-97.6K	-100%	$0.00^*	0	Feb 24, 2023	Common Stock	97.6K		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 1,172,740 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 vest on July 19, 2020 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.

Content

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 1,172,740 restricted stock units ("RSUs") previously reported in Table II.

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 vest on July 19, 2020 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.