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 3,470 shares of common stock at $0.965 per share on July 5, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On July 5, 2024, Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, sold 3,470 shares of common stock.
- The shares were sold at a price of $0.965 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 1,529,116 shares of Energy Vault Holdings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by an executive, which is neither particularly positive nor negative.
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 |
|---|---|
| 07/05/2024 | Date of the stock sale transaction. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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