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

Akshay Ladwa, Chief Engineering Officer of Energy Vault Holdings, sold shares of common stock on April 29, 2025, to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On April 29, 2025, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 57,033 shares of common stock at a price of $0.709 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 2,213,618 shares of Energy Vault Holdings common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it reflects a common practice of selling shares to cover tax obligations.

Industry Context

Sales of shares to cover tax obligations are a common practice among company executives who receive stock-based compensation. This transaction reflects a personal financial decision by the executive and may not necessarily indicate a change in the company's outlook.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Energy Vault Holdings, Akshay Ladwa, Form 4, Stock Sale, Chief Engineering Officer, NRGV, Tax Liability, Restricted Stock Units, Beneficial Ownership