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 shares of common stock to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 4, 2025, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 26,698 shares of common stock at a price of $0.7059 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 still beneficially owns 2,270,651 shares of Energy Vault Holdings common stock.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an executive, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.
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 |
|---|---|
| 04/04/2025 | Date of the stock sale transaction. |
| 04/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Energy Vault Holdings, Akshay Ladwa, Form 4, Stock Sale, Tax Liability, NRGV, Chief Engineering Officer, Restricted Stock Units
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