Ronald J. Sznaider - Feb 11, 2022 Form 4 Insider Report for Novus Capital Corp II (NRGV)

Role
Director
Signature
/s/ Ronald J. Sznaider
Stock symbol
NRGV
Transactions as of
Feb 11, 2022
Transactions value $
$500,000
Form type
4
Date filed
2/11/2022, 04:11 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Class A Common Stock, $0.0001 par value Award $500K +50K $10.00 50K Feb 11, 2022 See Footnote F1, F2
transaction NRGV Class A Common Stock, $0.0001 par value Options Exercise $0 +101K $0.00 101K Feb 11, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRGV Class B Common Stock, $0.0001 par value Disposed to Issuer $0 -81.5K -44.7% $0.00 101K Feb 11, 2022 Class A Common Stock 81.5K $0.00 Direct F4, F5
transaction NRGV Class B Common Stock, $0.0001 par value Options Exercise $0 -101K -100% $0.00* 0 Feb 11, 2022 Class A Common Stock 101K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ronald J. Sznaider is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents 50,000 shares of Class A common stock purchased from the issuer in a private placement transaction for $10.00 per share. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc.
F2 The shares are owned directly by the Ronald J. Sznaider and Michele A. Sznaider Living Trust dated August 14, 2020, and any amendments thereto (the "Trust"). Mr. Sznaider is a trustee of the Trust. Mr. Sznaider disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.
F3 Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 100,802 shares of Class B common stock owned by Mr. Sznaider automatically converted into an equal number of shares of Class A common stock.
F4 As described in the issuer's registration statement on Form S-4 (File No. 333-260307) under the heading "Description of Securities--Founder Shares," shares of Class B common stock, par value $0.0001 per share, of the issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F5 Represents the automatic forfeiture of 81,490 shares of Class B common stock for no additional consideration in connection with the closing of the issuer's business combination with Energy Vault, Inc.