[Form 4] Nuvve Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Nuvve Holding Corp. director Laura Huang acquired 100,000 restricted stock units (RSUs) on 08/24/2025. The RSUs vested immediately and each RSU represents the right to receive one share of the issuer's common stock, resulting in 100,000 shares beneficially owned following the transaction. The reported acquisition price is shown as $0, consistent with RSUs that convert into shares upon vesting. The Form 4 was signed by the reporting person on 08/26/2025. No derivative transactions or additional compensation details are included in this filing.

Positive

• Director increased direct ownership by 100,000 shares through vested RSUs, signaling alignment with equity holders
• RSUs vested immediately, so the acquisition converted directly into beneficial ownership without delay

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 100,000 vested RSUs, immediately increasing direct share ownership by 100,000 shares.

This filing documents a direct equity grant to a board member that vested immediately, converting to 100,000 common shares. For investors, the transaction is a non-cash compensation event reflected as an increase in insider ownership. The filing does not disclose the grant's grant-date fair value or any lock-up restrictions, and it shows no purchase price because RSUs convert to shares upon vesting. The one-time nature and size relative to total outstanding shares are not stated in the document, limiting assessment of dilution or significance.

Corporate Governance Expert

TL;DR: Immediate vesting of 100,000 RSUs to a director is a governance event worth noting for insider alignment.

The report indicates the company used equity-based compensation for a director, with immediate vesting. Immediate vesting can raise governance questions about alignment with long-term shareholder interests versus retention incentives, but the document contains no policy context, board approvals, or vesting rationale. The Form 4 provides clear reporting of beneficial ownership change but lacks supporting governance details that would clarify whether this aligns with compensation best practices.

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
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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^*

Huang Laura

(Last) (First) (Middle)

C/O 2488 HISTORIC DECATUR RD., SUITE 230

(Street)

SAN DIEGO CA 92106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nuvve Holding Corp. [ NVVE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2025

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(1)	08/24/2025		A		100,000	A	$0	100,000	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 securities awarded are in the form of restricted stock units (RSUs) issued pursuant to the Issuer's Amended and Restated 2020 Long-Term Incentive Plan. Each RSU, which vested immediately, represents the right to receive one share of the Issuer's common stock.

Remarks:

	/s/Laura Huang	08/26/2025
	** 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.

FAQ

What did Laura Huang report on Form 4 for NVVE?

Laura Huang reported acquiring 100,000 RSUs that vested immediately, representing the right to 100,000 shares of Nuvve Holding Corp.

When was the NVVE transaction dated and when was the Form 4 signed?

Transaction date: 08/24/2025. Form 4 signature date: 08/26/2025.

How many shares does Laura Huang beneficially own after the transaction?

100,000 shares beneficially owned following the reported transaction.

What price was reported for the RSUs on the Form 4?

The filing shows a reported price of $0, consistent with RSUs that convert into shares upon vesting.

Were any derivative securities reported in this Form 4 for NVVE?

No derivative securities (options, warrants, or convertible instruments) are reported in Table II of this filing.