Form 4 for NRGV Energy Vault Holdings, Inc.
Accepted 2023-06-12 00:00:00 ET · period of report 2023-06-08 · accession 0001104659-23-070510 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-12 | 2023-06-08 | NRGV | McMorrow Josh | CLO | F - Tax | $2.10 | -84.7K | 661.2K | -11% | -$177.9K |
| D | 2023-06-12 | 2023-06-08 | NRGV | McMorrow Josh | CLO | M - OptEx | $0.00 | +167.7K | 745.9K | +29% | $0 |
| DM | 2023-06-12 | 2023-06-08 | NRGV | McMorrow Josh | CLO | M - OptEx | $0.00 | -167.7K | 0 | -100% | $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 | Common Stock | 2023-06-08 | F | D | 84,706 | $2.10 | 661,234 | D | — | — | (F2) Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units. |
| 2 | Common | Common Stock | 2023-06-08 | M | A | 167,735 | $0.00 | 745,940 | D | — | — | (F1) The Reporting Person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes an aggregate of 578,205 restricted stock units ("RSUs") previously reported in Table II. |
| 3 | Derivative | Restricted Stock Unit | 2023-06-08 | M | D | 67,735 | $0.00 | 0 | D | — · — to — | 67,735 Common Stock | (F1) The Reporting Person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes an aggregate of 578,205 restricted stock units ("RSUs") previously reported in Table II. (F3) The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on May 12, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer. |
| 4 | Derivative | Restricted Stock Unit | 2023-06-08 | M | D | 100,000 | $0.00 | 0 | D | — · — to — | 100,000 Common Stock | (F1) The Reporting Person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes an aggregate of 578,205 restricted stock units ("RSUs") previously reported in Table II. (F4) The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on July 3, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer. |