Form 4: Energy Vault Exec Sells Shares for Tax Obligation

Energy Vault Holdings President, Christopher Wiese, disposed of 5,591 common shares to cover tax liabilities related to restricted stock unit vesting.

Summary

• Christopher Wiese, President of Energy Vault Labs, reported a transaction on October 10, 2025.
• The transaction involved the disposal of 5,591 shares of Energy Vault Holdings, Inc. 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 shares were disposed of at a price of $2.97 per share.
• Following this transaction, Christopher Wiese beneficially owns 1,147,158 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposal of shares to cover tax liabilities upon RSU vesting, which is a neutral event for company sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary tax-related transaction by an insider, not indicative of a change in investment sentiment.

Key Dates

Recommendation

The Form 4 filing details a routine, non-discretionary sale of shares by an insider to cover tax liabilities upon the vesting of restricted stock units. This transaction does not reflect a change in the insider's investment conviction or the company's fundamentals, thus a 'hold' recommendation is maintained.

Keywords

Energy Vault Holdings, NRGV, Christopher Wiese, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units