van Gaalen Johannes Cornelis Maria 4
4 · Energy Vault Holdings, Inc. · Filed Jan 12, 2023
Insider Transaction Report
Form 4
van Gaalen Jan Kees
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2023-01-10+350,000→ 350,000 total→ Common Stock (350,000 underlying) - Award
Restricted Stock Units
2023-01-10+250,000→ 250,000 total→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The RSUs do not expire.
- [F2]The RSUs vest as to 25% of the underlying shares on November 30, 2023, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.
- [F3]The RSUs will vest as to 33% of the underlying shares upon the achievement of each of the Issuer's share price achieving a daily closing trading price at or above $11.00, $13.00, and $15.00 per share for 20 trading days within any 30 trading day period during the period beginning on November 30, 2023 and ending on November 30, 2026.