Form 4 for NRGV Energy Vault Holdings, Inc.
Accepted 2022-02-11 00:00:00 ET · period of report 2022-02-11 · accession 0001104659-22-020664 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-02-11 | 2022-02-11 | NRGV | Paulson Larry | Dir | M - OptEx | $0.00 | +534.3K | 609.3K | +712% | $0 |
| DI | 2022-02-11 | 2022-02-11 | NRGV | Paulson Larry | Dir | A - Grant | $10.00 | +75.0K | 75.0K | New | +$750.0K |
| DI | 2022-02-11 | 2022-02-11 | NRGV | Paulson Larry | Dir | M - OptEx | $0.00 | -534.3K | 0 | -100% | $0 |
| DI | 2022-02-11 | 2022-02-11 | NRGV | Paulson Larry | Dir | D - Sale to Iss | $0.00 | -431.9K | 534.3K | -45% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, $0.0001 par value | 2022-02-11 | M | A | 534,256 | $0.00 | 609,256 | I See Footnote | — | — | (F3) Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 534,256 shares of Class B common stock owned by the Trust automatically converted into an equal number of shares of Class A common stock. (F2) The shares are owned directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A Common Stock, $0.0001 par value | 2022-02-11 | A | A | 75,000 | $10.00 | 75,000 | I See Footnote | — | — | (F1) Represents 75,000 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 Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Class B Common Stock, $0.0001 par value | 2022-02-11 | M | D | 534,256 | $0.00 | 0 | I See Footnote | $0.00 · — to — | 534,256 Class A Common Stock | (F3) Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 534,256 shares of Class B common stock owned by the Trust automatically converted into an equal number of shares of Class A common stock. (F2) The shares are owned directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. (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. |
| 4 | Derivative | Class B Common Stock, $0.0001 par value | 2022-02-11 | D | D | 431,890 | $0.00 | 534,256 | I See Footnote | $0.00 · — to — | 431,890 Class A Common Stock | (F5) Represents the automatic forfeiture of 431,890 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. (F2) The shares are owned directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. (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. |