Beer Michael Thomas 4

What Happened

Michael T. Beer, Chief Financial Officer of Energy Vault Holdings, Inc. (NRGV), was granted 150,000 restricted stock units (RSUs) on March 12, 2026. The Form 4 records the award as an acquisition at $0.00 per unit (code A). RSUs represent a contingent right to receive one share of common stock upon vesting; they are not immediately issued or tradable shares.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filing appears timely).
• Grant amount: 150,000 RSUs; reported acquisition price: $0.00 (award).
• Vesting: 3-year schedule beginning 2026-03-31 — 33.2% vests after 12 months, then quarterly vesting at 8.35%.
• Condition: Vesting contingent on continued service with the company or its subsidiaries through each vesting date (per footnote).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant.

Context

RSUs are a common form of executive compensation and convert to actual shares only upon vesting, so this grant does not represent an immediate purchase or sale of stock. Because the award vests over time and is conditioned on continued service, it is primarily a retention/compensation instrument rather than a direct signal of near-term buying or selling.