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 17,899 shares of common stock on September 9, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On September 9, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 17,899 shares of common stock.
- The sale was executed at a price of $0.827 per share.
- The transaction was conducted to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Ladwa directly owns 1,500,271 shares of Energy Vault Holdings.
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 could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the stock sale transaction. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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