Josh McMorrow - Jun 8, 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role
Chief Legal Officer
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Jun 8, 2023
Transactions value $
-$177,883
Form type
4
Date filed
6/12/2023, 08:05 PM
Previous filing
May 23, 2023
Next filing
Sep 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Options Exercise $0 +168K +29.01% $0.00 746K Jun 8, 2023 Direct F1
transaction NRGV Common Stock Tax liability -$178K -84.7K -11.36% $2.10 661K Jun 8, 2023 Direct F2

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 -67.7K -100% $0.00* 0 Jun 8, 2023 Common Stock 67.7K Direct F1, F3
transaction NRGV Restricted Stock Unit Options Exercise $0 -100K -100% $0.00* 0 Jun 8, 2023 Common Stock 100K 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 578,205 restricted stock units ("RSUs") previously reported in Table II.
F2 Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units.
F3 The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on May 12, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer.
F4 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on July 3, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer.