Michael Thomas Beer - 16 May 2024 Form 4 Insider Report for Energy Vault Holdings, Inc. (NRGV)

Role
Chief Financial Officer
Signature
/s/ Timothy Maloche, Attorney-in-Fact
Issuer symbol
NRGV
Transactions as of
16 May 2024
Transactions value $
$0
Form type
4
Filing time
17 May 2024, 19:21:18 UTC
Previous filing
24 Apr 2024
Next filing
26 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Common Stock Award $0 +600K $0.00 600K 16 May 2024 Direct F1
transaction NRGV Common Stock Award $0 +600K +100% $0.00 1.2M 16 May 2024 Direct F2

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 Stock Option Award $0 +800K $0.00 800K 16 May 2024 Common Stock 800K $1.17 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs will vest as to 25% of the underlying shares on June 30, 2025, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.
F2 Represents an award of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs will vest as to one-third of the underlying shares upon the achievement of each of the following stock price targets, based on twenty trading days during any consecutive thirty trading day period occurring prior to the fourth anniversary of the grant date: $3.50, $4.50 and $5.50. Any portion of the award that has not vested as of the fourth anniversary of the grant date shall be forfeited and terminated for no consideration.
F3 The stock option will vest as to 25% of the underlying shares on June 30, 2025, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.