Robert Piconi - 27 Mar 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Issuer symbol
NRGV
Transactions as of
27 Mar 2023
Net transactions value
$0
Form type
4
Filing time
29 Mar 2023, 16:41:31 UTC
Previous filing
16 Mar 2023
Next filing
23 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 Options Exercise $0 +650,000 +4.8% $0.000000 14,137,480 27 Mar 2023 Direct F1
holding NRGV Common Stock 4,307,946 27 Mar 2023 See Footnote F2
holding NRGV Common Stock 4,307,946 27 Mar 2023 See Footnote F3

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 -650,000 -100% $0.000000* 0 27 Mar 2023 Common Stock 650,000 Direct F1, F4
* 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 7,044,288 restricted stock units ("RSUs") previously reported in Table II.
F2 Held by Piconi 2021 Delaware Trust for which the Reporting Person serves as investment advisor.
F3 Held by Piconi Family 2021 Delaware Trust for which the Reporting Person serves as investment advisor.
F4 The Reporting Person was granted RSUs, which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs vest as to 25% of the underlying shares on February 28, 2023, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.