Form 4: Energy Vault Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Akshay Ladwa, Chief Engineering Officer of Energy Vault Holdings, sold 10,253 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, Inc. (NRGV), reported a transaction involving the sale of company stock.
- On February 7, 2025, Ladwa sold 10,253 shares of common stock at a price of $1.6392 per share.
- The sale was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Ladwa directly owns 1,447,349 shares of Energy Vault Holdings, Inc.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to an executive's stock transaction. The sale was to cover tax obligations, which is a neutral event. Therefore, the sentiment is considered neutral.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for executives. It does not necessarily reflect a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of stock sale transaction. |
| 02/11/2025 | Date of signature on the Form 4 filing. |
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