Form 4: Energy Vault CEO Reports Tax-Related Stock Disposition
Insider Transaction Report
Energy Vault Holdings CEO Robert Piconi reported a disposition of 8,612 shares of common stock to satisfy tax liabilities on vested restricted stock units.
Summary
- Robert Piconi, Chief Executive Officer, Director, and 10% Owner of Energy Vault Holdings, Inc. (NRGV), reported a transaction on December 11, 2025.
- The transaction involved the disposition of 8,612 shares of common stock.
- These shares were withheld by the Issuer to satisfy Mr. Piconi's tax liability on the vesting of restricted stock units.
- The price per share for the disposition was $3.44.
- Following this transaction, Mr. Piconi directly beneficially owns 20,188,630 shares of common stock.
- Additionally, Mr. Piconi indirectly beneficially owns 4,307,946 shares through the Piconi 2021 Delaware Trust, for which he serves as investment advisor.
- He also indirectly beneficially owns another 4,307,946 shares through the Piconi Family 2021 Delaware Trust, for which he also serves as investment advisor.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary disposition of shares to cover tax liabilities upon the vesting of restricted stock units, which is a standard compensation event and does not reflect a change in management's operational outlook or confidence.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard executive compensation practices within publicly traded companies.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not a voluntary sale indicating a change in confidence.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 12/11/2025 | Date of transaction (shares withheld for tax liability). |
| 12/12/2025 | Date the Form 4 was signed by Brad Eastman, Chief Legal Officer, on behalf of Robert Piconi. |
Keywords
Energy Vault Holdings, NRGV, Robert Piconi, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, CEO, Director, 10% Owner
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