NRGV Form 144 Shows Akshay Ladwa Sells Large Blocks of Shares

Rhea-AI Filing Summary

Form 144 filing for Energy Vault Holdings, Inc. (NRGV) shows proposed and recent insider sales of common stock by Akshay V. Ladwa. The notice reports a proposed sale of 75,000 shares through Fidelity Brokerage Services with an aggregate market value of $223,232.78 and an approximate sale date of 09/24/2025 on the NYSE. The filing discloses prior acquisitions by vesting of restricted stock in 2023 (63,474 and 11,526 shares) and three recent sales: 15,046 shares on 07/18/2025 for $12,194.78, and two large sales of 75,000 shares on 09/22/2025 and 09/23/2025 totaling reported gross proceeds of $470,903.93. The filer affirms no undisclosed material information.

Positive

• Compliance disclosure: The filer provided a completed Rule 144 notice with broker, amounts, dates, and acquisition details
• Acquisition clarity: Securities originated from restricted stock vesting in 2023, showing the shares were compensation-based and not newly purchased

Negative

• Insider selling volume: Multiple large sales including two 75,000-share transactions and a proposed 75,000-share sale could increase share supply
• Materiality of sales: Gross proceeds reported for recent sales total $470,903.93, a significant insider liquidity event

Insights

Securities Analyst

TL;DR: Multiple substantial insider sales disclosed, including a proposed 75,000-share sale; signals notable insider liquidity but not necessarily negative.

The filing documents both the acquisition source (restricted stock vesting in 2023) and recent dispositions by Akshay V. Ladwa, including two large sales on consecutive dates and a proposed sale scheduled for 09/24/2025 through Fidelity. From a market-impact perspective, the reported sizes (75,000-share blocks) are material for an insider and may increase supply pressure near the sale dates. The filing contains standard Rule 144 representations and does not disclose any non-public material information.

Corporate Governance Expert

TL;DR: Insider executed planned sales of vested restricted shares and filed required Rule 144 notice; compliance and disclosure appear complete.

The filing clearly links the securities to prior restricted stock vesting events in 2023 and lists broker, amounts, and aggregate market values for the proposed sale. The signer certifies absence of undisclosed material information and references Rule 10b5-1 considerations. There is no indication in this filing of deviation from disclosure or procedural lapses, but the volume of sales is noteworthy for governance monitoring.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	75000	223232.78	161855407	09/24/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/28/2023	Restricted Stock Vesting	Issuer			63474	02/28/2023	Compensation
Common	08/31/2023	Restricted Stock Vesting	Issuer			11526	08/31/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Akshay V. Ladwa 4165 East Thousand Oaks Blvd. Suite 100 Westlake Village CA 91362	Common	07/18/2025	15046	12194.78
Akshay V. Ladwa 4165 East Thousand Oaks Blvd. Suite 100 Westlake Village CA 91362	Common	09/22/2025	75000	228272.29
Akshay V. Ladwa 4165 East Thousand Oaks Blvd. Suite 100 Westlake Village CA 91362	Common	09/23/2025	75000	242631.64

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the Form 144 for Energy Vault (NRGV) disclose?

The filing disclosed a proposed sale of 75,000 common shares (market value $223,232.78) and recent insider sales on 07/18/2025, 09/22/2025, and 09/23/2025.

Who is the seller named in the Form 144?

The seller is Akshay V. Ladwa, with an address listed in Westlake Village, CA.

How were the shares acquired that are being sold?

The shares were acquired via restricted stock vesting on 02/28/2023 (63,474 shares) and 08/31/2023 (11,526 shares) as compensation.

What broker is handling the proposed sale?

The proposed 75,000-share sale is through Fidelity Brokerage Services LLC with an approximate sale date of 09/24/2025 on the NYSE.

What were the gross proceeds reported for recent sales?

Reported gross proceeds were $12,194.78 (07/18/2025), $228,272.29 (09/22/2025), and $242,631.64 (09/23/2025).