Form 4: Energy Vault Holdings COO Sells Shares to Cover Tax Obligations
SEC Form 4
Christopher Wiese, Chief Operating Officer of Energy Vault Holdings, sold 10,956 shares of common stock on March 19, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Christopher Wiese, the Chief Operating Officer of Energy Vault Holdings, sold 10,956 shares of the company's common stock.
- The shares were sold at a price of $1.634 per share.
- The sale was executed to cover the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Wiese directly owns 731,378 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the COO's confidence in the company.
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 related to tax obligations and is not necessarily indicative of the COO's sentiment towards the company.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock sale transaction. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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