Jung John G 4
4 · Energy Vault Holdings, Inc. · Filed Feb 1, 2023
Insider Transaction Report
Form 4
Jung John G
President of EVS
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-01-30−183,447→ 493,903 total→ Common Stock (183,447 underlying) - Exercise/Conversion
Common Stock
2023-01-30+183,447→ 183,447 total - Tax Payment
Common Stock
2023-01-30$3.78/sh−63,435$239,784→ 120,012 total
Footnotes (1)
- [F1]The Reporting Person was granted Restricted Stock Units ("RSU") which represent a contingent right to receive one share of Common Stock for each RSU. These shares are being issued in respect of the settlement of equity awards under the Company's equity benefit plans. The RSUs vest upon the satisfaction of the service-based requirement, which provides that the RSUs will vest or have vested as follows: with respect to 25% of the RSUs on October 11, 2022, and with respect to 1/48th of the RSUs each month thereafter, subject to the Reporting Person's continuous service with the Issuer through each vesting date.