Form 4: Energy Vault Executive Sells Shares for Tax Liability
Insider Transaction Report
Energy Vault Holdings' President of Energy Vault Labs, Christopher Wiese, disposed of 2,639 common shares to cover tax obligations related to restricted stock unit vesting.
Summary
- Christopher Wiese, President of Energy Vault Labs at Energy Vault Holdings, Inc. (NRGV), disposed of 2,639 shares of common stock.
- The transaction occurred on September 4, 2025, at a price of $1.135 per share.
- These shares were withheld by the company to satisfy Mr. Wiese's tax liability upon the vesting of restricted stock units.
- Following this transaction, Mr. Wiese beneficially owns 1,161,499 shares of common stock.
Sentiment
Score: 5
Explanation: The filing reports a routine administrative transaction (shares withheld for tax liability) and does not indicate any significant positive or negative sentiment regarding the company's operations or future prospects.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as it is a routine administrative transaction for tax purposes and does not reflect a discretionary sale by the insider.
Key Dates
| Date | Description |
|---|---|
| 09/04/2025 | Date of transaction where shares were disposed of. |
| 09/05/2025 | Date the Form 4 was signed by Michael Beer, Chief Financial Officer. |
Keywords
Energy Vault Holdings, NRGV, Christopher Wiese, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Energy Storage
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