Vincent Donargo - 11 Feb 2022 Form 4 Insider Report for Novus Capital Corp II (NRGV)

Reporting relationship: Chief Financial Officer
Issuer ticker: NRGV
Reported as of: 11 Feb 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Feb 2022, 17:54:10 UTC
Next SEC filing: 24 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Vincent Donargo

Key filing fact

Vincent Donargo filed Form 4 for Novus Capital Corp II (NRGV) on 11 Feb 2022.

Key facts

This page summarizes Vincent Donargo's Form 4 filing for Novus Capital Corp II (NRGV).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 11 Feb 2022, 17:54.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NRGV transaction

Class A Common Stock, $0.0001 par value

Options Exercise

Transaction value: $0
Shares: +201,606
Change %
Price: $0.000000
Shares after: 201,606
Date: 11 Feb 2022
Ownership: See Footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NRGV transaction Derivative

Class B Common Stock, $0.0001 par value

Disposed to Issuer

Transaction value: $0
Shares: -162,977
Change %: -45%
Price: $0.000000
Shares after: 201,606
Date: 11 Feb 2022
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 162,977
Exercise price: $0.000000
Footnotes: F2, F3, F4

NRGV transaction Derivative

Class B Common Stock, $0.0001 par value

Options Exercise

Transaction value: $0
Shares: -201,606
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Feb 2022
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 201,606
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Vincent Donargo is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 201,606 shares of Class B common stock owned by V Donargo LLC automatically converted into an equal number of shares of Class A common stock. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc.

Footnote F2

The shares are owned directly by V Donargo LLC. Mr. Donargo is the Chief Financial Officer of V Donargo LLC. Mr. Donargo disclaims beneficial ownership of the securities held by V Donargo LLC except to the extent of his pecuniary interest therein.

Footnote F3

As described in the issuer's registration statement on Form S-4 (File No. 333-260307) under the heading "Description of Securities--Founder Shares," shares of Class B common stock, par value $0.0001 per share, of the issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.

Footnote F4

Represents the automatic forfeiture of 162,977 shares of Class B common stock for no additional consideration in connection with the closing of the issuer's business combination with Energy Vault, Inc.