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

Role: Chief Financial Officer
Signature: /s/ Timothy Maloche, Attorney-in-Fact
Issuer symbol: NRGV
Transactions as of: 12 Dec 2023
Net transactions value: -$35,010
Form type: 4
Filing time: 14 Dec 2023, 18:34:25 UTC
Previous filing: 12 Jan 2023
Next filing: 20 Mar 2024
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	+62,500	+12%	$0.000000	600,000	12 Dec 2023	Direct	F1
transaction	NRGV	Common Stock	Sale	$35,010	-17,991	-3%	$1.95	582,009	12 Dec 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	-62,500	-100%	$0.000000^*	0	12 Dec 2023	Common Stock	62,500		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.