Johannes Cornelis Maria van Gaalen - Dec 12, 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role: Chief Financial Officer
Signature: /s/ Timothy Maloche, Attorney-in-Fact
Stock symbol: NRGV
Transactions as of: Dec 12, 2023
Transactions value $: -$35,010
Form type: 4
Date filed: 12/14/2023, 06:34 PM
Previous filing: Jan 12, 2023
Next filing: Mar 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Options Exercise	$0	+62.5K	+11.63%	$0.00	600K	Dec 12, 2023	Direct	F1
transaction	NRGV	Common Stock	Sale	-$35K	-18K	-3%	$1.95	582K	Dec 12, 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	-62.5K	-100%	$0.00^*	0	Dec 12, 2023	Common Stock	62.5K		Direct	F1, F3

* 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 537,500 restricted stock units ("RSUs") previously reported in Table II.
F2	Represents shares sold to satisfy the reporting person's tax liability on vesting of restricted stock units.
F3	The RSUs vest as to 25% of the underlying shares on November 30, 2023, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.