LAIKIN ROBERT J 4
4 · Novus Capital Corp II · Filed Feb 11, 2022
Insider Transaction Report
Form 4
LAIKIN ROBERT J
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock, $0.0001 par value
2022-02-11$10.00/sh+300,000$3,000,000→ 300,000 total - Exercise/Conversion
Class A Common Stock, $0.0001 par value
2022-02-11+442,382→ 742,382 total - Disposition to Issuer
Class B Common Stock, $0.0001 par value
2022-02-11−357,618→ 442,382 totalExercise: $0.00→ Class A Common Stock (357,618 underlying) - Exercise/Conversion
Class B Common Stock, $0.0001 par value
2022-02-11−442,382→ 0 totalExercise: $0.00→ Class A Common Stock (442,382 underlying)
Footnotes (4)
- [F1]Represents 300,000 shares of Class A common stock purchased from the issuer in a private placement transaction for $10.00 per share. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc.
- [F2]Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 442,382 shares of Class B common stock owned by Mr. Laikin automatically converted into an equal number of shares of Class A common stock.
- [F3]As described in the issuer's registration statement on Form S-4 (File No. 333-260307) under the heading "Description of Securities--Founder Shares," shares of Class B common stock, par value $0.0001 per share, of the issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
- [F4]Represents the automatic forfeiture of 357,618 shares of Class B common stock for no additional consideration in connection with the closing of the issuer's business combination with Energy Vault, Inc.