Form 4: Energy Vault CEO Robert Piconi Sells Shares to Cover Tax Obligations

Energy Vault's CEO, Robert Piconi, sold 16,594 shares of common stock at $0.7059 per share on April 4, 2025, to cover tax liabilities related to vesting restricted stock units.

Summary

• On April 4, 2025, Robert Piconi, the CEO of Energy Vault Holdings, Inc., sold 16,594 shares of common stock.
• The shares were sold at a price of $0.7059 per share.
• The sale was executed to cover the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Piconi directly owns 20,094,264 shares of Energy Vault common stock.
• Piconi also indirectly owns 4,307,946 shares through the Piconi 2021 Delaware Trust and another 4,307,946 shares through the Piconi Family 2021 Delaware Trust, for which he serves as investment advisor.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, although it appears to be for routine tax purposes.

Key Dates

Keywords

Energy Vault, Robert Piconi, stock sale, Form 4, insider trading, NRGV, tax liability, restricted stock units