Form 4: Energy Vault Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Laurence Alexander, Chief Marketing Officer of Energy Vault Holdings, sold 5,150 shares of common stock on May 3, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 3, 2024, Laurence Alexander, the Chief Marketing Officer of Energy Vault Holdings, sold 5,150 shares of the company's common stock.
- The sale was executed at a price of $1.251 per share.
- Following the transaction, Alexander directly owns 1,241,973 shares of Energy Vault Holdings.
- The sale was conducted to satisfy the reporting person's tax liability on vesting of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale for tax purposes, which is a neutral event.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. Often these sales are to cover tax obligations.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of the stock sale transaction. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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