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

Christopher Wiese, Chief Operating Officer of Energy Vault Holdings, sold 21,806 shares of common stock on April 29, 2025, to cover tax liabilities related to vesting restricted stock units.

Summary

• On April 29, 2025, Christopher Wiese, the Chief Operating Officer of Energy Vault Holdings, sold 21,806 shares of common stock.
• The sale was executed at a price of $0.709 per share.
• The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Wiese directly owns 1,172,325 shares of Energy Vault Holdings.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

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

Key Dates

Keywords

Energy Vault Holdings, NRGV, Christopher Wiese, Chief Operating Officer, Form 4, Stock Sale, Tax Liability, Restricted Stock Units, Beneficial Ownership