Tahsinul Zia Huque - 11 Feb 2022 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRGV	Common Stock	Award		+1.25M			1.25M	11 Feb 2022	Held by Energy Vault PML SPV 1 LP	F1, F2
transaction	NRGV	Common Stock	Award		+6.22M			6.22M	11 Feb 2022	Held by Prime Movers Growth Fund I, LP	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	In connection with the merger described in that certain Business Combination Agreement and Plan of Reorganization, dated as of September 8, 2021, by and among Novus Capital Corporation II, now known as Energy Vault Holdings, Inc. ("Energy Vault Holdings") (the "Issuer"), NCCII Merger Corp. ("Merger Sub"), and Energy Vault, Inc. ("Energy Vault"), pursuant to which Merger Sub merged with and into Energy Vault, with Energy Vault surviving as a wholly-owned subsidiary of the Issuer (the "Merger").
F2	The Reporting Person received shares of Common Stock in exchange for 183,816 shares of common stock in Energy Vault. On the effective date of the Merger, the closing price of the Issuer's Common Stock was $11.55 per share.
F3	The Reporting Person received shares of Common Stock in exchange for 917,884 shares of common stock in Energy Vault. On the effective date of the Merger, the closing price of the Issuer's Common Stock was $11.55 per share.