Beer Michael Thomas 4

What Happened Michael Beer, Chief Financial Officer of Energy Vault Holdings, had 28,738 shares withheld by the company to satisfy his tax liability on the vesting of restricted stock units (RSUs). The withholding was recorded at $3.30 per share for a total value of $94,835. This was a tax-withholding event (not an open‑market sale).

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (appears timely).
• Action code: F (shares withheld to satisfy tax liability); footnote: "Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units. Not a market sale."
• Shares withheld: 28,738 at $3.30 per share; aggregate value reported $94,835.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Not a purchase or sale in the market — a routine, cashless tax withholding on RSU vesting.

Context Tax-withholding on vested RSUs is a common administrative step and does not by itself indicate insider sentiment about the company. It reduces the insider's net share count but is not the same as an intentional sale.