Form 4: Energy Vault Holdings Executive Marco Terruzzin Sells Shares to Cover Tax Obligations

Marco Terruzzin, Chief Product Officer of Energy Vault Holdings, sold 35,958 shares of common stock on September 6, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On September 6, 2024, Marco Terruzzin, the Chief Product Officer of Energy Vault Holdings, sold 35,958 shares of common stock.
• The sale was executed at a price of $0.852 per share.
• The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Terruzzin directly owns 1,616,110 shares of Energy Vault Holdings.
• The transaction was reported on September 10, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale appears to be related to tax obligations, which is a typical reason for insider sales.

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 stated reason for the sale.

Key Dates