DONARGO VINCENT 4
4 · Novus Capital Corp II · Filed Feb 11, 2022
Insider Transaction Report
Form 4
DONARGO VINCENT
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock, $0.0001 par value
2022-02-11+201,606→ 201,606 total(indirect: See Footnote) - Disposition to Issuer
Class B Common Stock, $0.0001 par value
2022-02-11−162,977→ 201,606 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (162,977 underlying) - Exercise/Conversion
Class B Common Stock, $0.0001 par value
2022-02-11−201,606→ 0 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (201,606 underlying)
Footnotes (4)
- [F1]Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 201,606 shares of Class B common stock owned by V Donargo LLC automatically converted into an equal number of shares of Class A common stock. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc.
- [F2]The shares are owned directly by V Donargo LLC. Mr. Donargo is the Chief Financial Officer of V Donargo LLC. Mr. Donargo disclaims beneficial ownership of the securities held by V Donargo LLC except to the extent of his pecuniary interest therein.
- [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 162,977 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.