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 16,498 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On June 7, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, Inc., sold 16,498 shares of common stock.
- The sale was executed at a price of $1.164 per share.
- The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Ladwa still beneficially owns 1,532,586 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes 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
| Date | Description |
|---|---|
| 06/07/2024 | Date of the stock sale transaction. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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