Ladwa Akshay 4

What Happened

• Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings, had 10,064 restricted stock units (RSUs) withheld by the company to satisfy his tax liability upon vesting. The withheld shares were valued at $3.00 each, totaling $30,192. This is a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-05; per-share value used: $3.00; total value: $30,192.
• Transaction type/code: F — shares withheld to cover tax liability on vested RSUs (treated as a disposition).
• Shares owned after transaction: Not specified in the disclosed excerpt of the filing.
• Filing date: 2026-03-06 (filed promptly the next day); not indicated as late.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax liability on RSU vesting.

Context

• This is a routine cashless tax-withholding event when RSUs vest; the company retains a portion of shares to cover taxes. It does not reflect an open-market sale and generally should not be interpreted as a change in insider sentiment about the stock.