Andrea Pedretti - Feb 24, 2023 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Signature
/s/ Timothy Maloche, Attorney-in-Fact
Stock symbol
NRGV
Transactions as of
Feb 24, 2023
Transactions value $
-$79,535
Form type
4
Date filed
3/3/2023, 04:18 PM
Previous filing
Feb 17, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Other $0 -126K -9.85% $0.00 1.15M Feb 24, 2023 Direct F1
transaction NRGV Common Stock Sale -$79.5K -25K -2.17% $3.18 1.13M Mar 1, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As payment for $2,195,200 of a personal loan, Mr. Pedretti granted to the lender a security interest in 1,083,760 shares of the issuer's common stock pursuant to stock pledge and transfer agreement dated December 4, 2019. This transaction represents the final disposition in full satisfaction of the reporting person's obligation to deliver such shares pursuant to such stock pledge and transfer agreement.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.05 to $3.31. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.