A Form 4 filed with the SEC on August 17, 2026 discloses that Dylan Hixon, a director of Energy Vault Holdings, Inc. (NYSE:NRGV), reported purchases of common stock on August 14, 2026 across multiple accounts.

Key Highlights

  • Reporting person: Dylan Hixon, listed as a Director of Energy Vault Holdings, Inc.
  • Trust purchase (Casimir): 26,845 shares of common stock acquired at $3.733 per share, held by DHH Hixon Family Great Grandchildrens Trust FBO Casimir R. Hixon.
  • Trust purchase (Soren): 26,809 shares of common stock acquired at $3.733 per share, held by DHH Hixon Family Great Grandchildrens Trust FBO Soren A. Hixon.
  • Son's purchase: 31,864 shares of common stock acquired at $3.75 per share, reported as a purchase by Hixon's son; Hixon disclaims beneficial ownership of these shares.
  • Direct holdings: 117,602 shares of common stock held directly following the reported transactions.
  • Indirect holdings via Arden Road Investments LLC: 900,065 shares beneficially owned indirectly through that entity.

Details of Dylan Hixon's Reported Transactions in Energy Vault Common Stock

According to the filing, all three purchase transactions (transaction code "P") were dated August 14, 2026. Hixon serves as the sole trustee of the DHH Hixon Family Great Grandchildrens Trust FBO Casimir R. Hixon and of the DHH Hixon Family Great Grandchildrens Trust FBO Soren A. Hixon. The filing states that he "may be deemed to have beneficial ownership of the securities held by such trust" but that he "disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein," according to the explanation of responses in the filing.

Regarding the 31,864 shares purchased at $3.75, the filing states: "This transaction involved the purchase of shares of common stock by the reporting person's son. The reporting person disclaims beneficial ownership of the securities held by his son, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose." Each of the three trust or family-related accounts shows its respective acquired share count as the full amount beneficially owned following the reported transaction, as disclosed in the filing.

With respect to the Arden Road Investments LLC position of 900,065 shares, the filing explains that Hixon is the sole trustee of the "Dylan Trust under the JMH-ICH Lex Trust," which holds shares in Arden Road Investments LLC, and that he may be deemed to have beneficial ownership of those securities while disclaiming such ownership except to the extent of his pecuniary interest. The filing was signed by Amy Blakeway, Chief Legal Officer, on August 17, 2026.

What Was Disclosed

The filing reports three purchase transactions in Energy Vault Holdings common stock on August 14, 2026, involving two family trusts and the director's son, along with existing direct and indirect beneficial ownership positions held by Hixon.