Form 4: Energy Vault Holdings CEO Robert Piconi Sells Shares to Cover Tax Obligations

CEO Robert Piconi sold 3,184 shares of Energy Vault Holdings stock on August 9, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On August 9, 2024, Robert Piconi, CEO of Energy Vault Holdings, sold 3,184 shares of common stock at a price of $0.847 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 17,186,433 shares.
• 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 both of which he serves as investment advisor.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily indicate a lack of confidence in the company.

Industry Context

This is a routine Form 4 filing, reflecting an insider transaction. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders, as it is a relatively small transaction related to tax obligations.

Key Dates