NRGV Form 4: Dylan Hixon awarded 98,449 RSUs; holds 900,065 indirectly
Rhea-AI Filing Summary
Dylan Hixon, a director of Energy Vault Holdings, Inc. (NRGV), received an award of 98,449 restricted stock units (RSUs) on 09/16/2025. Each RSU converts to one share of common stock and vests subject to his continued Board service after the third anniversary of the Vesting Commencement Date of March 31, 2025. Following the reported transaction Mr. Hixon directly beneficially owns 98,449 shares and indirectly beneficially owns 900,065 shares through Arden Road Investments LLC, which is connected to the Dylan Trust under the JMH-ICH Lex Trust. The Form 4 was signed and filed on 09/18/2025.
Positive
- Director alignment: RSUs vesting over three years promote long-term alignment between the director and shareholders
- Substantial insider stake: Indirect holdings of 900,065 shares through Arden Road Investments LLC indicate meaningful insider exposure
- Transparent disclosure: Form 4 clearly states the trustee relationship and the reporting of both direct and indirect ownership
Negative
- None.
Insights
TL;DR: Director RSU award aligns long-term incentives with shareholders, vesting over three years; substantial indirect holdings strengthen alignment.
The 98,449 RSU grant is a standard director equity award that vests based on continued service, encouraging long-term alignment with shareholder interests. The combination of direct RSUs and a significant 900,065 indirect position through Arden Road Investments LLC indicates meaningful insider exposure to company equity. The disclosure includes the trustee relationship and disclaimer of beneficial ownership for the trust, which is appropriate for governance transparency.
TL;DR: This Form 4 reports routine compensation-driven equity issuance to a director; no cash consideration was paid for the RSUs.
The transaction shows an award value delivered as RSUs with a reported price of $0, consistent with grant-based compensation rather than an open-market purchase. The vesting schedule delays share issuance for three years from the stated commencement date, which phases potential dilution and aligns incentives over time. No derivative transactions or exercised options are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 98,449 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects an award of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest (subject to the reporting person's continued service on the Board) after the third anniversary of the Vesting Commencement Date - March 31, 2025. Mr. Hixon is the sole trustee of the "Dylan Trust under the JMH-ICH Lex Trust" which holds shares in Arden Road Investments LLC. Mr. Hixon may be deemed to have beneficial ownership of the securities held by the Dylan Trust. Mr. Hixon disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
