Paulson Larry 4

What Happened

• Larry Paulson, a director of Energy Vault Holdings, Inc. (NRGV), was granted 22,026 restricted stock units (RSUs) on 2026-05-29. The RSUs were reported at $0.00 (no cash paid on grant) and represent a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-01 (timely).
• Transaction type: Award/Grant of RSUs (code A); amount: 22,026 RSUs; reported dollar amount: $0.00.
• Vesting: RSUs vest on June 1, 2027, subject to Mr. Paulson’s continued service on the Board (see footnote F1).
• Ownership: The underlying shares are held by the "Larry M and Gretchen V Paulson Family Trust dated September 4, 2019"; Mr. Paulson is a trustee and disclaims beneficial ownership except to the extent of any pecuniary interest (see footnote F2).
• Shares owned following the reported transaction were not specified in the filing.

Context

• RSU grants are compensation awards that convert into shares only if vesting conditions are met; they are not immediate open-market purchases or sales. Receiving an RSU award is routine for directors and does not by itself indicate a buy/sell decision in the market.