Energy Vault (NRGV) Insider Purchase: Piconi Adds 50,000 Shares
Rhea-AI Filing Summary
Energy Vault Holdings, Inc. (NRGV) reporting person Robert Piconi, identified as Director, Chief Executive Officer and a 10% owner, filed a Form 4 disclosing a purchase of company common stock on 09/17/2025. The filing reports an acquisition code P for 50,000 shares at a weighted-average price of $2.3024 (prices ranged $2.28–$2.33). After the purchase the reporting person directly beneficially owns 20,182,384 shares. The filing also discloses indirect holdings of 4,307,946 shares in each of two Delaware trusts for which he serves as investment advisor. The report is signed by the company’s Chief Legal Officer.
Positive
- Insider purchase disclosed: Reporting person acquired 50,000 shares on 09/17/2025 at a weighted-average price of $2.3024.
- Clear ownership disclosure: Direct beneficial ownership reported as 20,182,384 shares and indirect trust holdings of 4,307,946 shares each, with footnotes explaining trust roles.
Negative
- None.
Insights
TL;DR: Insider acquisition of 50,000 shares at a ~$2.30 weighted price; direct ownership now ~20.18M shares, plus trust holdings.
The Form 4 documents a straightforward open-market purchase by Robert Piconi on 09/17/2025 for 50,000 common shares at a reported weighted-average price of $2.3024, with disclosed price range $2.28–$2.33. The filing lists substantial direct beneficial ownership of 20,182,384 shares and indirect ownership of 4,307,946 shares in each of two Delaware trusts where he is investment advisor. This is a routine Section 16 disclosure that updates beneficial ownership totals.
TL;DR: Filing shows CEO/Director ownership update via purchase and trust holdings; routine disclosure compliant with Section 16.
The document identifies Robert Piconi as Director, CEO and 10% owner and reports the acquisition code P for a 50,000-share purchase on 09/17/2025. It clarifies the weighted-average purchase price and discloses indirect holdings held in two named Delaware trusts for which he serves as investment advisor. The Form 4 appears properly signed and includes the required explanatory footnotes about the weighted-average price and trust ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 50,000 | $2.3024 | $115K |
| 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 $2.28 to 2.33. 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.
