Form 4: Energy Vault COO Sells Shares for Tax Obligations

Energy Vault Holdings' Chief Operations Officer, Akshay Ladwa, disposed of 13,250 common shares to satisfy tax liabilities from restricted stock unit vesting.

Summary

• Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings, Inc. (NRGV), reported a transaction on September 22, 2025.
• The transaction involved the disposition of 13,250 shares of common stock.
• These shares were withheld by the Issuer to satisfy the reporting person's tax liability upon the vesting of restricted stock units.
• The deemed price for the disposition was $2.02 per share.
• Following this transaction, Mr. Ladwa beneficially owns 2,159,582 shares of common stock directly.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine tax-related disposition of shares upon RSU vesting and does not reflect a change in company fundamentals or management's outlook.

Future Outlook

N/A. This filing does not contain forward-looking statements or guidance.

Industry Context

N/A. This is a routine insider transaction related to compensation and tax obligations, not indicative of broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by a Chief Operations Officer to cover tax obligations upon the vesting of restricted stock units. It does not indicate any change in the company's operational performance, strategic direction, or the executive's confidence in the company. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Energy Vault Holdings, NRGV, Akshay Ladwa, Chief Operations Officer, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, RSU Vesting