Ladwa Akshay 4

What Happened
Akshay Ladwa, Chief Operations Officer of Energy Vault Holdings, was granted 475,000 restricted stock units (RSUs) on March 12, 2026. The grant price is $0.00 (i.e., an award of contingent shares rather than a cash purchase); no immediate cash value is reported in the filing. This was a compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-16.
• Grant: 475,000 RSUs at $0.00 (each RSU represents a contingent right to one share on vesting).
• Vesting: 3-year schedule — 33.2% vests after 12 months, then quarterly vesting of 8.35% thereafter. Vesting commencement date: 3/31/2026.
• Approx. shares by tranche: ~157,700 shares at first 12‑month vest, then ~39,663 shares per subsequent quarter (rounded).
• Shares owned after transaction: not disclosed in the provided filing.
• No tax-withholding, 10b5-1 plan, or late-filing flag noted in the information provided.

Context
RSUs are a form of compensation that convert to actual shares only if and when they vest; they do not represent an immediate market purchase or sale. Because vesting begins 3/31/2026 and includes a meaningful time-based schedule, these units are tied to continued service and are typical executive compensation rather than a direct signal of near-term insider buying or selling.