Form 4: Energy Vault CFO Sells Shares for Tax Obligations

Energy Vault Holdings, Inc.'s Chief Financial Officer, Michael Thomas Beer, disposed of 15,693 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Michael Thomas Beer, Chief Financial Officer of Energy Vault Holdings, Inc. (NRGV), disposed of 15,693 shares of common stock.
• The transaction occurred on January 22, 2026, at a price of $4.61 per share.
• These shares were withheld by the issuer to satisfy the reporting person's tax liability upon the vesting of restricted stock units.
• Following this transaction, Michael Thomas Beer beneficially owns 1,134,829 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax liabilities upon the vesting of restricted stock units, which is a standard practice for executive compensation and does not indicate a change in company fundamentals or management's outlook.

Positives

• The transaction represents a routine, non-discretionary disposition of shares to cover tax obligations on vested restricted stock units, which is a common practice for executive compensation.

Negatives

• The direct beneficial ownership of the Chief Financial Officer decreased by 15,693 shares following this transaction.

Risks

• While this transaction is for tax purposes and non-discretionary, any insider disposition of shares, regardless of reason, could be misinterpreted by some investors as a reduction in insider conviction, potentially leading to minor, short-term negative sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to an individual executive's compensation and tax obligations and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a standard part of executive compensation and does not typically have a significant direct impact on shareholders beyond a very minor, often negligible, adjustment to the outstanding share count if new shares are issued to cover the RSU vesting. The primary impact is on the reporting person's beneficial ownership.

Key Dates

Recommendation

The Form 4 reports a routine, non-discretionary disposition of shares by the CFO to cover tax liabilities associated with the vesting of restricted stock units. This is a common practice and does not reflect a change in the company's operational performance, strategic direction, or the insider's long-term view of the company. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Energy Vault, NRGV, Form 4, insider transaction, stock sale, CFO, Michael Thomas Beer, restricted stock units, tax withholding