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

Energy Vault's CEO, Robert Piconi, sold 40,277 shares of common stock on May 16, 2025, to cover tax liabilities related to vesting restricted stock units.

Summary

• On May 16, 2025, Robert Piconi, the CEO of Energy Vault Holdings, Inc., sold 40,277 shares of common stock at a price of $0.9418 per share.
• The sale was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Piconi directly owns 20,053,987 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 both of which he serves as investment advisor.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The sale of shares by the CEO could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the reasons behind the sale.

Key Dates

Keywords

Energy Vault, Robert Piconi, Form 4, stock sale, tax liability, restricted stock units, beneficial ownership, NRGV