Form 4: Energy Vault Executive Marco Terruzzin Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Marco Terruzzin, Chief Product Officer of Energy Vault Holdings, Inc., sold a portion of his common stock holdings on October 1st and 2nd, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Marco Terruzzin, the Chief Product Officer of Energy Vault Holdings, Inc., reported the sale of company stock.
- The sales occurred on October 1, 2024, and October 2, 2024.
- These transactions were executed under a pre-existing Rule 10b5-1 trading plan.
- On October 1, 2024, 22,222 shares were sold at a weighted average price of $0.9469, with individual prices ranging from $0.9316 to $0.9635.
- On October 2, 2024, another 22,222 shares were sold at a weighted average price of $0.948, with individual prices ranging from $0.93 to $0.957.
- Following these transactions, Terruzzin directly owns 1,571,666 shares of Energy Vault Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Insider sales are a common occurrence in publicly traded companies and are often viewed in the context of the executive's personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of first reported transaction: Sale of 22,222 shares of common stock. |
| 10/02/2024 | Date of second reported transaction: Sale of 22,222 shares of common stock. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.