NRGV Insider Purchase: Robert Piconi adds 25,000 shares on 09/16/2025
Rhea-AI Filing Summary
Robert Piconi, Chief Executive Officer, director and 10% owner of Energy Vault Holdings, Inc. (NRGV), purchased 25,000 shares of the issuer's common stock on 09/16/2025. The transaction was reported on Form 4 and executed at a weighted average price of $2.2114, with individual trade prices ranging from $2.18 to $2.225. After the purchase, the report shows 20,132,384 shares beneficially owned directly by the reporting person. The filer offers to provide transaction-level detail on request.
In addition to direct holdings, the filing discloses two indirect holdings of 4,307,946 shares each held by the Piconi 2021 Delaware Trust and the Piconi Family 2021 Delaware Trust, for which Mr. Piconi serves as investment advisor. The Form 4 is signed by the company’s Chief Legal Officer as authorized filer.
Positive
- Insider purchase recorded: CEO Robert Piconi acquired 25,000 shares at a weighted average price of $2.2114, indicating insider buying activity.
- Substantial insider ownership: Reporting person holds 20,132,384 shares directly plus two indirect trust holdings of 4,307,946 shares each, showing material alignment with shareholders.
Negative
- None.
Insights
TL;DR: CEO purchased 25,000 shares at ~$2.21, increasing direct stake to over 20.1 million shares, signalling internal buy interest.
The purchase size is modest relative to total reported direct holdings but represents an insider buy executed at a weighted average of $2.2114 on 09/16/2025. For investors this confirms continuing insider exposure and alignment with shareholder value, though the transaction does not materially change control or ownership percentages given the large existing stake. The filing includes customary disclosure that transaction prices span $2.18 to $2.225 and that further breakout is available on request.
TL;DR: CEO and director reported a routine open-market purchase; holdings include significant indirect trust positions managed by the reporting person.
The Form 4 identifies Robert Piconi as CEO, director and 10% owner and documents both direct and indirect beneficial ownership through two Delaware trusts for which he is investment advisor. Reporting and signature comply with Section 16 reporting mechanics; the form was executed by the company’s Chief Legal Officer. No departures, option exercises, or plan-based trades are disclosed; the disclosure is straightforward and procedural.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 25,000 | $2.2114 | $55K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.18 to $2.225. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Held by Piconi 2021 Delaware Trust for which the Reporting Person serves as investment advisor. Held by Piconi Family 2021 Delaware Trust for which the Reporting Person serves as investment advisor.
