Nxu (NXU) executive Laikin received 300,000 shares

Insider transactions reported

Robert J Laikin (executive at Nxu Inc., NXU) reported that they received 300,000 shares, and acquired 442,382 shares on Feb 11, 2022. After these transactions the filing shows 742,382 shares held directly.

Reporting person

Laikin Robert J

Options and other derivatives

Holdings before and after

• Class A Common Stock, $0.0001 par value: 0 to 742,382 direct
• Class B Common Stock, $0.0001 par value: 800,000 to 0 direct

Footnotes from the filing

1. 1. 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.
2. 2. 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.
3. 3. 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.
4. 4. 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.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

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