Form 4: Energy Vault Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Goncagul Icoren, Chief People Officer of Energy Vault Holdings, sold 19,466 shares of common stock at $0.852 per share on September 6, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On September 6, 2024, Goncagul Icoren, the Chief People Officer of Energy Vault Holdings, Inc., sold 19,466 shares of common stock.
- The sale price was $0.852 per share.
- The transaction was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Icoren directly owns 865,757 shares of Energy Vault Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. It is a normal part of executive compensation.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the stock sale transaction. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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