Form 4: Energy Vault CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Johannes Cornelis Maria van Gaalen, CFO of Energy Vault Holdings, sold 4,741 shares of common stock on March 18, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 18, 2024, Johannes Cornelis Maria van Gaalen, the Chief Financial Officer of Energy Vault Holdings, Inc. (NRGV), sold 4,741 shares of common stock.
- The sale was executed at a price of $1.642 per share.
- The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, van Gaalen directly owns 577,268 shares of Energy Vault Holdings, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company executive, which is neither particularly positive nor negative.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the stock sale transaction. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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