4//SEC Filing
Espy Richard 4
Accession 0001104659-22-023998
CIK 0001828536other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 8:24 PM ET
Size
6.8 KB
Accession
0001104659-22-023998
Insider Transaction Report
Form 4
Espy Richard
CIO, VP of Software Enablement
Transactions
- Award
Restricted Stock Units
2022-02-11+135,470→ 135,470 total→ Common Stock (135,470 underlying)
Footnotes (2)
- [F1]In connection with the merger described in that certain Business Combination Agreement and Plan of Reorganization, dated as of September 8, 2021, by and among Novus Capital Corporation II, now known as Energy Vault Holdings, Inc. ("Energy Vault Holdings") (the "Issuer"), NCCII Merger Corp. ("Merger Sub"), and Energy Vault, Inc. ("Energy Vault"), pursuant to which Merger Sub merged with and into Energy Vault, with Energy Vault surviving as a wholly-owned subsidiary of the Issuer (the "Merger").
- [F2]In connection with the Merger, the Reporting Person received restricted stock units ("RSUs") in Issuer in exchange for, and pursuant to the assumption and conversion of, 20,000 restricted stock units of Energy Vault. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The liquidity event requirement was satisfied upon the closing of the Merger. The RSUs will accordingly vest upon the satisfaction of the service-based requirement, which provides that the RSUs will vest or have vested as follows: with respect to 25% of the RSUs on September 7, 2022, and with respect to 1/48th of the RSUs each month thereafter, subject to the Reporting Person's continuous service with the Issuer through each vesting date.
Documents
Issuer
Energy Vault Holdings, Inc.
CIK 0001828536
Entity typeother
Related Parties
1- filerCIK 0001908954
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 8:24 PM ET
- Size
- 6.8 KB