Form 4: Energy Vault COO Sells Shares for Tax Obligations

Energy Vault Holdings' Chief Operations Officer, Akshay Ladwa, disposed of 17,007 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings, Inc. (NRGV), reported a transaction involving company common stock.
• On October 10, 2025, Ladwa disposed of 17,007 shares of common stock at a price of $2.97 per share.
• This disposal was identified as a 'F' transaction code, indicating shares withheld by the Issuer to satisfy tax liability upon the vesting of restricted stock units.
• Following this transaction, Ladwa beneficially owns 1,917,575 shares of Energy Vault Holdings common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposal of shares to cover tax obligations upon RSU vesting, which is a neutral event for company fundamentals and stock performance.

Positives

• The transaction is a non-discretionary sale for tax purposes, indicating a routine event rather than a voluntary divestment of confidence.
• Akshay Ladwa retains a significant beneficial ownership of 1,917,575 shares, demonstrating continued alignment with shareholder interests.

Negatives

• The disposal of 17,007 shares, even for tax purposes, results in a slight reduction of direct insider ownership.

Risks

• No specific risks are detailed in this Form 4 filing beyond the inherent market risks associated with holding equity.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related disposal, not a discretionary sale indicating a change in management's confidence.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Energy Vault, NRGV, Akshay Ladwa, Chief Operations Officer, Form 4, Insider Transaction, Stock Disposal, Tax Withholding, Restricted Stock Units, Equity Compensation