Form 4: Energy Vault Holdings Executive Sells Shares to Cover Tax Obligations

Akshay Ladwa, Chief Engineering Officer of Energy Vault Holdings, sold 13,562 shares of common stock on March 18, 2024, to cover tax liabilities related to vesting restricted stock units.

Summary

• On March 18, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 13,562 shares of the company's common stock.
• The shares were sold at a price of $1.642 per share.
• The sale was executed to cover the reporting person's tax liability on the vesting of restricted stock units.
• Following the transaction, Akshay Ladwa still beneficially owns 1,012,214 shares of Energy Vault Holdings.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an executive, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

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 stated reason for the sale.

Key Dates