Key facts
- This page summarizes Jeffrey D. Foster's Form 4 filing for Novus Capital Corp II (NRGV).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 11 Feb 2022, 16:10.
Jeffrey D. Foster - 11 Feb 2022 Form 4 Insider Report for Novus Capital Corp II (NRGV)
- Reporting relationship
- Director
- Issuer ticker
- NRGV
- Reported as of
- 11 Feb 2022
- Net transaction value
- +$2,750,000
- Reporting owner signature
- /s/ Jeffrey Foster
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Jeffrey D. Foster filed Form 4 for Novus Capital Corp II (NRGV) on 11 Feb 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$2,750,000.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
Award
- Transaction value
- $2,750,000
- Shares
- +275,000
- Change %
- Price
- $10.00
- Shares after
- 275,000
- Date
- 11 Feb 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2
NRGV
transaction
Class A Common Stock, $0.0001 par value
Options Exercise
- Transaction value
- $0
- Shares
- +534,256
- Change %
- +194%
- Price
- $0.000000
- Shares after
- 809,256
- Date
- 11 Feb 2022
- Ownership
- See Footnote
- Footnotes
- F3, F4
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
- -431,890
- Change %
- -45%
- Price
- $0.000000
- Shares after
- 534,256
- Date
- 11 Feb 2022
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 431,890
- Exercise price
- $0.000000
- Footnotes
- F4, F5, F6
NRGV
transaction
Derivative
Class B Common Stock, $0.0001 par value
Options Exercise
- Transaction value
- $0
- Shares
- -534,256
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 11 Feb 2022
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 534,256
- Exercise price
- $0.000000
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Jeffrey D. Foster is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Represents 275,000 shares of Class A common stock purchased from the issuer in a private placement transaction for $10.00 per share. 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 the Jeffrey Foster Living Trust (the "Trust"). Mr. Foster is a trustee of the Trust. Mr. Foster disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.
Footnote F3
Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 534,256 shares of Class B common stock owned by New Frontier LLC automatically converted into an equal number of shares of Class A common stock.
Footnote F4
The shares are owned directly by New Frontier LLC. Mr. Foster is a manager of New Frontier LLC. He disclaims beneficial ownership of the securities held by New Frontier LLC except to the extent of his pecuniary interest therein.
Footnote F5
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 F6
Represents the automatic forfeiture of 431,890 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.