Form 4: Energy Vault COO Disposes Shares for Tax Liability
Insider Transaction Report
Energy Vault Holdings' Chief Operations Officer, Akshay Ladwa, disposed of 8,210 common shares to cover tax obligations related to restricted stock unit vesting.
Summary
- Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings, Inc. (NRGV), disposed of 8,210 shares of common stock.
- The transaction occurred on September 4, 2025, at a price of $1.135 per share.
- This disposition was made to satisfy tax liabilities incurred from the vesting of restricted stock units.
- Following this transaction, Mr. Ladwa beneficially owns 2,172,832 shares of common stock.
Sentiment
Score: 5
Explanation: A routine disposition of shares for tax purposes is a neutral event, reflecting standard executive compensation practices rather than a strategic move or a change in company fundamentals.
Industry Context
This is a routine insider transaction (Form 4) related to an executive's compensation and tax obligations, and does not provide broader industry context or trends. It reflects standard compensation practices within publicly traded companies, including those in the energy storage sector like Energy Vault.
Related Party Transactions
- Akshay Ladwa, Chief Operations Officer, disposed of 8,210 shares of common stock to the issuer to satisfy tax liabilities related to restricted stock unit vesting. This is a common type of related party transaction for executive compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale for personal gain or a signal of lack of confidence.
- Employees: No direct impact.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 09/04/2025 | Date of transaction where shares were disposed of for tax liability. |
| 09/05/2025 | Date the Form 4 was signed by Michael Beer, Chief Financial Officer. |
Keywords
Energy Vault Holdings, NRGV, Akshay Ladwa, Chief Operations Officer, COO, Form 4, Insider Trading, Stock Disposition, Tax Withholding, Restricted Stock Units, RSU Vesting
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