Form 4: Energy Vault Director Buys 20,000 Shares

Energy Vault Holdings Director Larry Paulson acquired 20,000 shares of common stock at $2.3999 per share, increasing his direct beneficial ownership.

Summary

• Larry Paulson, a Director of Energy Vault Holdings, Inc. (NRGV), purchased 20,000 shares of common stock.
• The transaction occurred on September 18, 2025, at a price of $2.3999 per share.
• Following this purchase, Mr. Paulson directly beneficially owns 335,636 shares of common stock.
• Additionally, Mr. Paulson indirectly beneficially owns 609,256 shares through the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019, for which he is a trustee.
• Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The sentiment is positive due to a director's direct purchase of company stock, indicating confidence in the company's value and future performance.

Positives

• A company director, Larry Paulson, purchased 20,000 shares of common stock, signaling confidence in the company's future prospects.
• The purchase was made at a price of $2.3999 per share, representing a direct investment by management.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance regarding the company's future performance, but the insider purchase may imply management's positive outlook.

Industry Context

Insider buying, particularly by a director, often signals management's belief in the company's undervaluation or strong future prospects, which can be a positive indicator for investors in the energy storage sector.

Related Party Transactions

• Larry Paulson's indirect beneficial ownership of 609,256 shares is held through the Larry M and Gretchen V Paulson Family Trust, of which he is a trustee. He disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal, potentially increasing investor confidence in the company's stock.
• The transaction demonstrates alignment of interests between management and shareholders.

Key Dates

Recommendation

A director's purchase of a significant number of shares at market price typically signals strong insider confidence in the company's future prospects and potential undervaluation. This action suggests that management believes the stock is a good investment, which can be a compelling qualitative factor for investors to consider initiating or increasing a position.

Keywords

Energy Vault Holdings, NRGV, Larry Paulson, Insider Buying, Director Purchase, Common Stock, SEC Form 4, Equity Acquisition, Rule 10b5-1