Form 4: Energy Vault COO Sells Shares to Cover Tax Liability on RSU Vesting

Energy Vault Holdings, Inc.'s Chief Operating Officer, Christopher Wiese, sold 9,441 shares of common stock to satisfy tax obligations related to the vesting of restricted stock units.

Summary

• Christopher Wiese, Chief Operating Officer of Energy Vault Holdings, Inc. (NRGV), reported a transaction on June 6, 2025.
• The transaction involved the sale of 9,441 shares of common stock at a price of $0.975 per share.
• This sale was conducted by the Issuer to cover the reporting person's tax liability arising from the vesting of restricted stock units.
• Following this transaction, Mr. Wiese directly beneficially owns 1,162,884 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a standard sale to cover tax obligations on RSU vesting, which is a neutral event and does not indicate a change in management's outlook or confidence in the company.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is common for executives receiving equity compensation. It does not provide broader insights into Energy Vault's industry position or market trends.

Stakeholder Impact

• Shareholders: This is a routine, non-discretionary sale for tax purposes and is unlikely to have a significant impact on shareholder sentiment or the company's stock price due to its small size relative to the officer's total holdings and the company's market capitalization.

Key Dates

Keywords

Energy Vault Holdings, NRGV, Christopher Wiese, Chief Operating Officer, COO, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Liability, Equity Compensation