Form 4: Energy Vault COO Sells Shares to Cover Tax Obligations

Christopher Wiese, Chief Operating Officer of Energy Vault Holdings, sold 20,530 shares of common stock on April 4, 2025, to cover tax liabilities related to vesting restricted stock units.

Summary

• Christopher Wiese, the Chief Operating Officer of Energy Vault Holdings, sold 20,530 shares of common stock on April 4, 2025.
• The sale was executed at a price of $0.7059 per share.
• The transaction was intended to satisfy the reporting person's tax liability on vesting of restricted stock units.
• Following the transaction, Wiese directly owns 1,194,131 shares of Energy Vault Holdings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Energy Vault, NRGV, Christopher Wiese, Chief Operating Officer, Form 4, Stock Sale, Tax Liability, Restricted Stock Units, Beneficial Ownership