Energy Vault ex-officer plans 50K-share sale
Former officer Michael Thomas Beer files a Rule 144 notice to sell 50,000 NRGV common shares, following a prior 65,000-share sale.
Rhea-AI Filing Summary
Energy Vault Holdings, Inc. (NRGV) has a notice of proposed sale of securities under Rule 144 filed on behalf of former officer Michael Thomas Beer. The notice covers a planned sale of 50,000 shares of common stock to be sold through Fidelity Brokerage Services LLC on the NYSE. These shares were acquired from the issuer as restricted stock vesting on January 21, 2026 as compensation. The filing also reports that Beer sold 65,000 shares of common stock during the prior three months for $265,200 in gross proceeds.
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Key Figures
Shares proposed for sale: 50,000 shares of common stock
Aggregate market value of proposed sale: $189,477.16
Shares sold in prior 3 months: 65,000 shares
+3 more
6 metrics
Shares proposed for sale
50,000 shares of common stock
Planned Rule 144 sale by former officer Michael Thomas Beer
Aggregate market value of proposed sale
$189,477.16
Value listed for the 50,000 shares to be sold
Shares sold in prior 3 months
65,000 shares
Shares of NRGV common stock sold on July 6, 2026
Proceeds from prior sale
$265,200
Gross proceeds from the 65,000-share sale on July 6, 2026
Shares outstanding
181,839,570 shares
Energy Vault Holdings, Inc. common stock outstanding as stated in the notice
Acquisition date of shares to be sold
January 21, 2026
Date of restricted stock vesting for the 50,000 shares
Key Terms
Rule 144, restricted stock vesting, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 01/21/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Michael Beer"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What insider sale is being proposed for Energy Vault Holdings (NRGV) in this Form 144?
The notice covers a proposed sale by former officer Michael Thomas Beer of 50,000 shares of Energy Vault Holdings, Inc. common stock, to be sold through Fidelity Brokerage Services LLC on the NYSE under Rule 144.
What prior sales by Michael Beer in NRGV stock are disclosed in this Form 144?
The filing reports that Michael Beer sold 65,000 shares of NRGV common stock on July 6, 2026, for $265,200 in gross proceeds during the past three months.
Who is executing the proposed NRGV sale and who signed the Form 144?
The proposed sale will be executed through Fidelity Brokerage Services LLC. The notice is signed “/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Michael Beer.”
AI-generated analysis. How Rhea-AI works. Not financial advice.