Ladwa Akshay 4
4 · Energy Vault Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Energy Vault (NRGV) COO Akshay Ladwa Withholds Shares for Taxes
What Happened
Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings (NRGV), had 147,984 shares withheld on March 31, 2026 to satisfy the tax liability from vesting restricted stock units. The withholding was reported at $3.30 per share, representing a notional value of $488,347. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-02 (timely filing).
- Shares affected: 147,984 shares withheld at $3.30 per share; total value ≈ $488,347.
- Transaction code: F — shares withheld to satisfy tax liability on RSU vesting (per footnote F1).
- Shares owned after transaction: Not disclosed in this filing.
- This was not a market sale — shares were retained by the issuer to cover taxes.
Context
Tax withholding on vested RSUs is a routine administrative action (a cashless withholding) and does not necessarily indicate insider sentiment. Purchases by insiders are generally more informative about confidence in the company; tax withholdings are common when awards vest.
Insider Transaction Report
Form 4
Ladwa Akshay
Chief Operations Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-31$3.30/sh−147,984$488,347→ 2,141,336 total
Footnotes (1)
- [F1]Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units. Not a market sale.
Signature
/s/ Amy Blakeway, Chief Legal Officer|2026-04-02