NRGV Insider Sale: CFO Michael Beer Sells 50,000 Shares at $2.165

Energy Vault Holdings, Inc. (NRGV) Form 4 shows that Michael Thomas Beer, identified as an officer (Chief Financial Officer), sold 50,000 shares of the issuer's common stock on 09/12/2025 at a weighted-average price of $2.165.

Rhea-AI Filing Summary

Energy Vault Holdings, Inc. (NRGV) Form 4 shows that Michael Thomas Beer, identified as an officer (Chief Financial Officer), sold 50,000 shares of the issuer's common stock on 09/12/2025 at a weighted-average price of $2.165. After this transaction he beneficially owns 1,216,103 shares, held directly. The filing clarifies the sale occurred in multiple tranches at prices between $2.160 and $2.180 and the filer offers to provide a breakdown on request.

The Form 4 is signed on behalf of the reporting person by the company's Chief Legal Officer, Brad Eastman.

Positive

• Timely disclosure of insider transaction with transaction date and weighted-average price provided
• Post-transaction ownership clearly reported as 1,216,103 shares (direct)
• Price range transparency included (sales ranged $2.160 to $2.180) and offer to provide per-tranche details

Negative

• Insider sale recorded: 50,000 shares were disposed of on 09/12/2025

Insights

Financial Analyst

TL;DR: Insider sale of 50,000 shares is disclosed; remaining direct ownership is material in absolute terms but the transaction appears routine.

The filing documents a disposition of 50,000 common shares at a weighted-average price of $2.165, leaving the reporting person with 1,216,103 shares held directly. The disclosure is clear on price range ($2.160–$2.180) and offers to provide a per-tranche breakdown. From an analytical perspective this is a straightforward insider sale disclosure without accompanying derivative activity or additional contextual events in the form itself.

Corporate Governance Expert

TL;DR: Company correctly filed Form 4 showing an officer's sale; signature by Chief Legal Officer indicates procedural completion.

The document names the reporting person, their officer title (Chief Financial Officer), transaction date, sale code, number of shares disposed, weighted-average price, and post-transaction beneficial ownership. The signature block shows the filing was executed by the Chief Legal Officer, consistent with standard practice for Form 4 filings. No amendments, plans, or exemptions are noted within this filing.

Insider Trade Summary

Net Seller: 50,000 shares

Net Sell 1 txn

Insider Beer Michael Thomas

Role Chief Financial Officer

Sold 50,000 shs ($108K)

Type	Security	Shares	Price	Value
Sale	Common Stock	50,000	$2.165	$108K

Holdings After Transaction: Common Stock — 1,216,103 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.160 and $2.180. 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 sold at each separate price within the range set forth in this footnote.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Form 4 for Energy Vault Holdings (NRGV) disclose on 09/12/2025?

The Form 4 discloses that Michael Thomas Beer sold 50,000 common shares on 09/12/2025 at a weighted-average price of $2.165.

How many shares does the reporting person own after the transaction?

Following the reported sale, the reporting person beneficially owns 1,216,103 shares, held directly.

What price range did the shares sell for in the reported transactions?

The filing states the shares were sold in multiple transactions at prices ranging from $2.160 to $2.180.

Who signed the Form 4 filing for the reporting person?

The Form 4 is signed by /s/ Brad Eastman, Chief Legal Officer with the signature date of 09/12/2025.

Was the reporting person filing as an individual or jointly?

The Form indicates it was filed by one reporting person (individual filing).

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

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

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^*

Beer Michael Thomas

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		S		50,000	D	$2.165(1)	1,216,103	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.160 and $2.180. 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 sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Brad Eastman, Chief Legal Officer	09/12/2025
	** 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.