Form 4 for NRGV Energy Vault Holdings, Inc.

Accepted 2024-05-17 00:00:00 ET · period of report 2024-05-16 · accession 0001104659-24-063136 · 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
DM	2024-05-17	2024-05-16	NRGV	Beer Michael Thomas	CFO	A - Grant	$0.00	+1.20M	1.20M	New	$0
D	2024-05-17	2024-05-16	NRGV	Beer Michael Thomas	CFO	A - Grant	$0.00	+800.0K	800.0K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-05-16	A	A	600,000	$0.00	600,000	D	—	—	(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.
2	Common	Common Stock	2024-05-16	A	A	600,000	$0.00	1,200,000	D	—	—	(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.
3	Derivative	Stock Option	2024-05-16	A	A	800,000	$0.00	800,000	D	$1.17 · — to 2034-05-16	800,000 Common Stock	(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.