Form 4: Energy Vault Holdings Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Josh McMorrow, Chief Legal Officer of Energy Vault Holdings, sold 20,468 shares of common stock on March 19, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Josh McMorrow, the Chief Legal Officer of Energy Vault Holdings, sold 20,468 shares of the company's common stock.
- The sale was executed at a price of $1.634 per share.
- The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, McMorrow directly owns 595,188 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company executive, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of the stock sale transaction. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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