Energy Vault (NRGV) CFO sells 65K shares and exercises 50K options under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Energy Vault Holdings, Inc. Chief Financial Officer Michael Thomas Beer reported an open-market sale of 65,000 shares of common stock at an average price of $4.08 per share. On the same day, he exercised stock options to acquire 50,000 shares of common stock at an exercise price of $1.17 per share. The sale was effected under a pre-arranged Rule 10b5-1 trading plan, and the exercised options relate to an award that vests over time through quarterly installments.
Positive
- None.
Negative
- None.
Insights
CFO executed a planned option exercise and partial share sale, a routine mixed transaction.
CFO Michael Thomas Beer sold 65,000 common shares at $4.08 while exercising options for 50,000 shares at $1.17. The code S indicates an open-market sale, and code M shows a derivative exercise converting options into common stock.
A key detail is that the sale was made pursuant to a Rule 10b5-1 trading plan, suggesting the trades were pre-scheduled rather than opportunistic. One option grant continues vesting in quarterly installments and carries an expiration date in 2034, indicating ongoing equity-based incentives alongside this liquidity event.
Insider Trade Summary
Net Seller: 65,000 shares ($265,200)
Net Sell
3 txns
Insider
Beer Michael Thomas
Role
Chief Financial Officer
Sold
65,000 shs ($265K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $1.17 | $59K |
| Sale | Common Stock | 65,000 | $4.08 | $265K |
Holdings After Transaction:
Stock Option — 700,000 shares (Direct, null);
Common Stock — 1,086,806 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The stock option vested 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.
Key Figures
Shares sold: 65,000 shares
Sale price: $4.08/share
Options exercised: 50,000 shares
+3 more
6 metrics
Shares sold
65,000 shares
Open-market sale of common stock at $4.08 per share
Sale price
$4.08/share
Average price for 65,000 common shares sold
Options exercised
50,000 shares
Common shares acquired via option exercise
Option exercise price
$1.17/share
Strike price for exercised stock options
Remaining options
700,000 options
Stock options remaining after 50,000-share exercise
Option expiration
May 16, 2034
Expiration date of the stock option award
Key Terms
Rule 10b5-1 trading plan, stock option, derivative security, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
stock option financial
"The stock option vested as to 25% of the underlying shares on June 30, 2025..."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Energy Vault (NRGV) CFO Michael Thomas Beer do in this Form 4?
Energy Vault CFO Michael Thomas Beer reported selling 65,000 shares of common stock and exercising options for 50,000 shares. The transactions combine an open-market sale with a derivative exercise, reflecting both liquidity-taking and continued equity exposure through exercised shares and remaining options.
What stock options did the Energy Vault (NRGV) CFO exercise in this filing?
He exercised stock options covering 50,000 shares of Energy Vault common stock at an exercise price of $1.17 per share. These options stem from an award that vested 25% on June 30, 2025, with the remainder vesting in 12 substantially equal quarterly installments thereafter.
What is the status of the CFO’s remaining stock options at Energy Vault (NRGV)?
After exercising options for 50,000 shares, the related stock option award shows 700,000 derivative securities remaining. These options are scheduled to expire on May 16, 2034, and continue to vest in substantially similar quarterly installments according to the vesting terms described.
Does this Energy Vault (NRGV) Form 4 indicate only sales, or also acquisitions?
The Form 4 shows a mixed pattern: an open-market sale of 65,000 shares and an acquisition of 50,000 shares through option exercise. This combination reflects both monetization of shares and continued equity involvement via exercised stock and remaining unexercised options.