McMorrow Josh 4
4 · Energy Vault Holdings, Inc. · Filed Jun 12, 2023
Insider Transaction Report
Form 4
McMorrow Josh
Chief Legal Officer
Transactions
- Tax Payment
Common Stock
2023-06-08$2.10/sh−84,706$177,883→ 661,234 total - Exercise/Conversion
Restricted Stock Unit
2023-06-08−100,000→ 0 total→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2023-06-08+167,735→ 745,940 total - Exercise/Conversion
Restricted Stock Unit
2023-06-08−67,735→ 0 total→ Common Stock (67,735 underlying)
Footnotes (4)
- [F1]The Reporting Person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes an aggregate of 578,205 restricted stock units ("RSUs") previously reported in Table II.
- [F2]Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units.
- [F3]The 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 four year period. 25% of the RSUs will vest on May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer.
- [F4]The 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 May 31, 2023 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the Issuer.