Form 4: Energy Vault CEO Reports Stock Transaction

Energy Vault Holdings, Inc. CEO Robert Piconi reported a transaction involving shares withheld for tax liabilities on vested restricted stock units.

Summary

• Robert Piconi, CEO of Energy Vault Holdings, Inc. (NRGV), reported a transaction on June 30, 2026.
• The transaction involved 141,682 shares of common stock, acquired at a price of $4.71.
• These shares were withheld by the Issuer to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• This was not a market sale.
• Following this transaction, Piconi beneficially owns 16,449,991 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard administrative transaction related to executive compensation rather than a significant strategic event or change in beneficial ownership.

Positives

• The transaction reflects the settlement of tax liabilities related to vested restricted stock units, a standard practice for executive compensation.
• Robert Piconi continues to hold a significant direct beneficial ownership of 16,449,991 shares, indicating continued commitment to the company.

Negatives

• While not a market sale, the withholding of shares for tax purposes represents a reduction in the reporting person's direct holdings that could otherwise have been retained.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insiders and typically reflect standard compensation and tax management practices rather than strategic shifts. The transaction type here is common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: The transaction does not represent a sale of shares by the CEO in the open market, thus having no direct impact on the available float or immediate selling pressure. The CEO's continued substantial beneficial ownership remains a positive signal of commitment.

Key Dates

Keywords

Energy Vault Holdings, NRGV, Robert Piconi, Form 4, SEC Filing, Stock Transaction, Restricted Stock Units, Tax Liability, Beneficial Ownership