4//SEC Filing
Hitchcock David W 4
Accession 0001104659-22-085317
CIK 0001828536other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 6:26 PM ET
Size
8.9 KB
Accession
0001104659-22-085317
Insider Transaction Report
Form 4
Hitchcock David W
Interim CFO
Transactions
- Award
Restricted Stock Unit
2022-07-29+275,000→ 275,000 total→ Common Stock (275,000 underlying) - Award
Restricted Stock Unit
2022-07-29+375,000→ 375,000 total→ Common Stock (375,000 underlying)
Footnotes (2)
- [F1]Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on May 12, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a three year period. One third of the RSUs will vest on April 30, 2023 and 1/12 of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.
- [F2]Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were approved on July 3, 2022 with a grant date to be the date that the issuer filed its Registration Statement on Form S-8 to register issuances under its 2022 Equity Incentive Plan, which registration statement was filed on July 29, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four year period. 25% of the RSUs will vest on April 30, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer. The RSUs are payable in cash, stock or a combination of the two.
Documents
Issuer
Energy Vault Holdings, Inc.
CIK 0001828536
Entity typeother
Related Parties
1- filerCIK 0001357269
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 6:26 PM ET
- Size
- 8.9 KB