Form 4: Energy Vault Holdings CEO Robert Piconi Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Energy Vault Holdings CEO Robert Piconi sold 10,213 shares of common stock on September 6, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On September 6, 2024, Robert Piconi, CEO of Energy Vault Holdings, sold 10,213 shares of common stock at a price of $0.852 per share.
- The sale was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Piconi directly owns 17,176,220 shares of Energy Vault Holdings.
- Piconi also indirectly owns 4,307,946 shares through the Piconi 2021 Delaware Trust and another 4,307,946 shares through the Piconi Family 2021 Delaware Trust, for which he serves as investment advisor.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the stock sale transaction. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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