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 4,791 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On April 12, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 4,791 shares of the company's common stock.
- The shares were sold at a price of $1.19 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 1,007,423 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't 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 |
|---|---|
| 04/12/2024 | Date of the stock sale transaction. |
| 04/16/2024 | Date of signature for the Form 4 filing. |
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