Beer Michael Thomas 4

What Happened

• Michael Thomas Beer, Chief Financial Officer of Energy Vault Holdings, had 24,139 restricted stock unit (RSU) shares withheld on 2026-06-30 to satisfy his tax liability. The withholding was recorded at $4.71 per share, representing $113,695 in value. This was a tax-withholding transaction (not an open-market sale).

Key Details

• Transaction date and price: 2026-06-30, 24,139 shares at $4.71 each (total $113,695).
• Transaction code: F — shares withheld to satisfy tax liability on RSU vesting (per footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date: 2026-07-02; filed within the typical two-business-day Form 4 window and appears timely.
• Footnote: F1 clarifies these shares were withheld by the issuer to cover taxes on vesting — explicitly not a market sale.

Context

• This was a routine tax-withholding event tied to RSU vesting, not a sale that would indicate the insider is cashing out on the open market. Such withholdings are common and generally do not signal a change in insider sentiment; purchases or open-market sales are typically more informative about an insider’s view.