Form 4: Energy Vault Holdings COO Sells Shares to Cover Tax Obligations

Christopher Wiese, Chief Operating Officer of Energy Vault Holdings, sold 9,848 shares of common stock on June 7, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On June 7, 2024, Christopher Wiese, the Chief Operating Officer of Energy Vault Holdings, sold 9,848 shares of common stock.
• The sale was executed at a price of $1.164 per share.
• The purpose of the sale was to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Wiese directly owns 993,850 shares of Energy Vault Holdings.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate a positive or negative outlook for the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with restricted stock units. It is a common practice and doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates