Robert Piconi - Mar 27, 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
Stock symbol: NRGV
Transactions as of: Mar 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/29/2023, 04:41 PM
Previous filing: Mar 16, 2023
Next filing: May 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Options Exercise	$0	+650K	+4.82%	$0.00	14.1M	Mar 27, 2023	Direct	F1
holding	NRGV	Common Stock						4.31M	Mar 27, 2023	See Footnote	F2
holding	NRGV	Common Stock						4.31M	Mar 27, 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	-650K	-100%	$0.00^*	0	Mar 27, 2023	Common Stock	650K		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.