Form 4 for NRGV Energy Vault Holdings, Inc.

Accepted 2022-02-15 00:00:00 ET · period of report 2022-02-11 · accession 0001104659-22-023996 · 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
	2022-02-15	2022-02-11	NRGV	Terruzzin Marco	Chief Product Off	A - Grant	—	+609.6K	609.6K	New	—

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	Common Stock	2022-02-11	A	A	609,615	—	609,615	D	—	—	(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) In connection with the Merger, the Reporting Person received shares of Common Stock of Issuer pursuant to a restricted Stock Award (the "RSA") in exchange for, and pursuant to the assumption and conversion of, 90,000 shares of restricted common stock of Energy Vault. The RSA is subject to a risk of forfeiture, which was designed to lapse upon the satisfaction of both a liquidity-event requirement and a service-based requirement. The liquidity event requirement was satisfied upon the closing of the Merger. The risk of forfeiture applicable to the shares subject to the RSA will accordingly lapse or already lapsed upon the satisfaction of the service-based requirement as follows: with respect to 50% of the shares underlying the RSA upon the closing of the Merger, and with respect to 1/48th of the shares underlying the RSA on August 23, 2020 and each month thereafter, subject to the Reporting Person's continuous service with the Issuer through each vesting date.