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 8,339 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 3, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 8,339 shares of common stock.
- The shares were sold at a price of $1.251 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 1,549,084 shares of Energy Vault Holdings.
- The transaction was reported on May 6, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It is neither particularly positive nor negative.
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 |
|---|---|
| 05/03/2024 | Date of the transaction (stock sale). |
| 05/06/2024 | Date the Form 4 was signed. |
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