Energy Vault COO withholds 21,594 shares to cover RSU taxes

Energy Vault Holdings, Inc. reported an insider equity transaction by its Chief Operations Officer.

Accepted by SEC EDGAR 12/12/2025 - 04:09 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Energy Vault Holdings, Inc. reported an insider equity transaction by its Chief Operations Officer. On 12/11/2025, the officer had 21,594 shares of common stock disposed of at $3.44 per share under transaction code F, which indicates shares were withheld to pay taxes on vesting restricted stock units. After this tax-related withholding, the officer directly beneficially owned 1,836,095 shares of Energy Vault common stock. This event reflects routine equity compensation and related tax settlement rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 21,594 shares

Exercise Price or Tax Liability 1 txn

Insider Ladwa Akshay

Role Chief Operations Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	21,594	$3.44	$74K

Holdings After Transaction: Common Stock — 1,836,095 shares (Direct)

Holdings Before and After: Common Stock, 1,857,689 to 1,836,095 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units.

FAQ

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What insider transaction did Energy Vault (NRGV) report in this Form 4?

Energy Vault reported that its Chief Operations Officer had 21,594 shares of common stock withheld on 12/11/2025 to cover taxes on vesting restricted stock units.

Who is the reporting person in the Energy Vault (NRGV) Form 4 filing?

The reporting person is an officer of Energy Vault Holdings, Inc., serving as the Chief Operations Officer.

What was the price used for the Energy Vault (NRGV) share withholding?

The tax-related disposition of shares was reported at a price of $3.44 per share for the 21,594 common shares withheld.

How many Energy Vault (NRGV) shares does the officer own after the transaction?

Following the reported transaction, the officer beneficially owned 1,836,095 shares of Energy Vault common stock, held directly.

What does transaction code F mean in the Energy Vault (NRGV) Form 4?

Transaction code F indicates shares were withheld by the issuer to satisfy the reporting person's tax liability on vesting restricted stock units.

Was this Energy Vault (NRGV) insider transaction an open-market sale?

No. The explanation states the shares were withheld by the issuer to pay taxes on restricted stock unit vesting, not sold in an open market trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ladwa Akshay

(Last) (First) (Middle)

4165 EAST THOUSAND OAKS BLVD, SUITE 100

(Street)

WESTLAKE VILLAGE CA 91362

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Energy Vault Holdings, Inc. [ NRGV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/11/2025		F(1)		21,594	D	$3.44	1,836,095	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units.

Remarks:

	/s/ Brad Eastman, Chief Legal Officer	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.