Ladwa Akshay 4

What Happened Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings (NRGV), had 52,721 shares withheld by the company on June 30, 2026 to satisfy tax withholding tied to vesting restricted stock units. The withholding was recorded at $4.71 per share, representing approximately $248,316. This was a tax-withholding disposition (code F), not a market sale or purchase.

Key Details

• Transaction date and filing: June 30, 2026 (reported on Form 4 filed July 2, 2026) — appears filed within the normal reporting window.
• Price used for withholding: $4.71 per share.
• Shares withheld/disposed: 52,721 shares, total value ≈ $248,316.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax liability on RSU vesting; explicitly not a market sale.

Context Tax-withholding transactions like this are routine when restricted stock units vest and do not necessarily indicate insider confidence or a change in sentiment; they simply cover tax obligations by surrendering a portion of vested shares to the company.