Piconi Robert 4

What Happened
Robert Piconi, CEO of Energy Vault (NRGV), had 91,374 shares withheld by the company to satisfy his tax liability on the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at $4.61 per share, totaling approximately $421,234. This was a tax-withholding event (code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-22; Filing date: 2026-01-23 (filed the next day; not late).
• Price: $4.61 per share; Shares withheld/disposed: 91,374; Total value: ~$421,234.
• Transaction code: F — shares withheld to satisfy tax liability on RSU vesting.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = shares withheld to satisfy tax liability on RSU vesting; F2/F3 = holdings held by Piconi 2021 Delaware Trust and Piconi Family 2021 Delaware Trust, for which he serves as investment advisor.

Context
Tax-withholding dispositions on RSU vesting are routine administrative actions and do not indicate an open-market sale or necessarily reflect the insider's view of the company. This was not an option exercise or a 10b5-1 sale plan; it was a cashless withholding to cover taxes on vested equity.