Form 4: Energy Vault Holdings Executive Marco Terruzzin Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Marco Terruzzin, Chief Product Officer of Energy Vault Holdings, sold 11,157 shares of common stock on August 9, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On August 9, 2024, Marco Terruzzin, the Chief Product Officer of Energy Vault Holdings, sold 11,157 shares of common stock.
- The sale was executed at a price of $0.847 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 1,652,068 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of stock sale transaction |
| 08/13/2024 | Date of signature on the Form 4 filing |
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