Jung John G 4
4 · Energy Vault Holdings, Inc. · Filed Aug 2, 2022
Insider Transaction Report
Form 4
Jung John G
President of EVS
Transactions
- Award
Restricted Stock Unit
2022-07-29+352,650→ 352,650 total→ Common Stock (352,650 underlying)
Footnotes (1)
- [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 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 February 28, 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.