Piconi Robert 4

What Happened

• Robert Piconi, CEO of Energy Vault Holdings, had 68,737 shares withheld by the company on 2026-03-05 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was executed at $3.00 per share, representing $206,211 disposed (tax withholding rather than an open-market sale).

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-06 (timely; within Form 4 reporting window).
• Price: $3.00 per share; Shares withheld/disposed: 68,737; Total value: $206,211.
• Transaction code F = tax withholding to satisfy tax liability on RSU vesting (cashless withholding).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 notes issuer withheld shares to satisfy tax liability on RSU vesting. F2 and F3 indicate some holdings are in the "Piconi 2021 Delaware Trust" and "Piconi Family 2021 Delaware Trust," for which Piconi serves as investment advisor.

Context

• This was a routine tax-withholding transaction tied to RSU vesting, not an open-market sale by the insider; such withholding is common and does not necessarily indicate a change in the insider’s view of the company.