Robert J. Laikin - Feb 11, 2022 Form 4 Insider Report for Novus Capital Corp II (NRGV)

Role
Chief Executive Officer, Director
Signature
/s/ Robert J. Laikin
Stock symbol
NRGV
Transactions as of
Feb 11, 2022
Transactions value $
$3,000,000
Form type
4
Date filed
2/11/2022, 04:12 PM
Previous filing
Oct 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRGV Class A Common Stock, $0.0001 par value Award $3M +300K $10.00 300K Feb 11, 2022 Direct F1
transaction NRGV Class A Common Stock, $0.0001 par value Options Exercise $0 +442K +147.46% $0.00 742K Feb 11, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRGV Class B Common Stock, $0.0001 par value Disposed to Issuer $0 -358K -44.7% $0.00 442K Feb 11, 2022 Class A Common Stock 358K $0.00 Direct F3, F4
transaction NRGV Class B Common Stock, $0.0001 par value Options Exercise $0 -442K -100% $0.00* 0 Feb 11, 2022 Class A Common Stock 442K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert J. Laikin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents 300,000 shares of Class A common stock purchased from the issuer in a private placement transaction for $10.00 per share. In connection with the issuer's business combination with Energy Vault, Inc., the issuer changed its name to Energy Vault Holdings, Inc.
F2 Upon the consummation of the issuer's business combination with Energy Vault, Inc. on February 11, 2022, 442,382 shares of Class B common stock owned by Mr. Laikin automatically converted into an equal number of shares of Class A common stock.
F3 As described in the issuer's registration statement on Form S-4 (File No. 333-260307) under the heading "Description of Securities--Founder Shares," shares of Class B common stock, par value $0.0001 per share, of the issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F4 Represents the automatic forfeiture of 357,618 shares of Class B common stock for no additional consideration in connection with the closing of the issuer's business combination with Energy Vault, Inc.