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

Energy Vault Holdings CEO Robert Piconi sold 2,683 shares of common stock on May 3, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On May 3, 2024, Robert Piconi, the CEO of Energy Vault Holdings, sold 2,683 shares of common stock at a price of $1.251 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 17,199,311 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 both of which he serves as investment advisor.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

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.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder perception, but is unlikely to be significant given the reason for the sale.

Key Dates