Form 4: Energy Vault Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Akshay Ladwa, Chief Engineering Officer of Energy Vault Holdings, sold 3,323 shares of common stock to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On October 4, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, Inc. (NRGV), sold 3,323 shares of the company's common stock.
- The sale was executed at a price of $0.9201 per share.
- This transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Ladwa directly owns 1,496,948 shares of Energy Vault Holdings, Inc.
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, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of the stock sale transaction. |
| 10/07/2024 | Date of signature on the Form 4 filing. |
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