NRGV · Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

Cap structure and valuation

Cap structure
SP	$3.65
SO	181.8M
Options	9.0M
Warrants	5.2M
FD SO	196.0M
MC	$715.6M

Cash	$93.0M
Total debt	$264.3M
EV	$886.8M

TTM Multiples
EV / Revenue	3.9x
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	59.5%
Insiders	14.9%
# Institutions	224
Analysts	5
Consensus	Buy
Avg target	$6.01

Short % float	20.9%
Days to cover	7.14

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-06. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-08-19 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-07-31; the float denominator can be unreliable on tiny floats.

Financial statements

	6/30/26	3/31/26	12/31/25	9/30/25
Total Revenue	17.37	21.88	153.31	33.32
Revenue YoY %	104.1%	156.4%	358.0%	2678.9%
Cost of Revenue	11.99	17.09	121.72	24.31
Gross Profit	5.38	4.79	31.59	9.01
Gross Profit YoY %	113.7%	(1.8%)	1121.0%	1765.4%
Gross Margin %	31.0%	21.9%	20.6%	27.0%

SG&A	25.52	24.15	27.94	23.01
R&D	2.55	2.59	3.38	3.36
Operating Expense	30.04	28.99	39.33	26.59

Operating Income	(24.66)	(24.20)	(7.74)	(17.58)
Operating Income YoY %	12.4%	(15.8%)	84.6%	35.1%
Operating Margin %	(142.0%)	(110.6%)	(5.1%)	(52.8%)
EBITDA	(22.74)	(21.98)	(5.38)	(17.29)
EBITDA Margin %	(130.9%)	(100.5%)	(3.5%)	(51.9%)

Interest Expense	4.19	3.47	3.07	2.78
Other Income / (Expense)	—	(4.82)	(10.15)	(0.92)
Pretax Income	(28.84)	(32.48)	(20.96)	(21.28)
Tax Provision	0.85	0.00	(0.23)	5.54
Net Income	(29.69)	(32.48)	(20.73)	(26.82)
Net Income to Common	(29.69)	(32.48)	(20.73)	(26.82)
Net Margin %	(170.9%)	(148.5%)	(13.5%)	(80.5%)

Diluted EPS	-$0.18	-$0.20	-$0.13	-$0.16
Basic EPS	-$0.17	-$0.20	-$0.13	-$0.16
Diluted Avg Shares	178.4	171.9	—	163.3
Basic Avg Shares	178.1	171.9	—	163.3

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Total Revenue	225.87	203.67	46.20	341.54	145.88
Revenue YoY %	10.9%	340.9%	(86.5%)	134.1%	—
Cost of Revenue	175.11	155.68	40.01	324.01	86.58
Gross Profit	50.76	47.99	6.19	17.53	59.30
Gross Profit YoY %	5.8%	675.7%	(64.7%)	(70.4%)	—
Gross Margin %	22.5%	23.6%	13.4%	5.1%	40.6%

SG&A	100.62	94.88	78.81	86.12	69.20
R&D	11.87	14.63	26.00	37.10	42.60
Operating Expense	124.95	122.36	136.18	124.27	122.38

Operating Income	(74.19)	(74.37)	(130.00)	(106.74)	(63.08)
Operating Income YoY %	0.2%	42.8%	(21.8%)	(69.2%)	—
Operating Margin %	(32.8%)	(36.5%)	(281.4%)	(31.3%)	(43.2%)
EBITDA	(67.39)	(70.93)	(128.94)	(105.84)	(55.34)
EBITDA Margin %	(29.8%)	(34.8%)	(279.1%)	(31.0%)	(37.9%)

Interest Expense	13.51	8.46	0.12	0.04	0.00
Other Income / (Expense)	(15.87)	(13.06)	(5.63)	7.98	(14.79)
Pretax Income	(103.57)	(95.89)	(135.75)	(98.79)	(77.87)
Tax Provision	6.16	7.76	0.07	(0.35)	0.43
Net Income	(109.73)	(103.66)	(135.81)	(98.44)	(78.30)
Net Income to Common	(109.72)	(103.61)	(135.75)	(98.44)	(78.30)
Net Margin %	(48.6%)	(50.9%)	(294.0%)	(28.8%)	(53.7%)

Diluted EPS	-$0.67	-$0.65	-$0.91	-$0.69	-$0.64
Basic EPS	-$0.66	-$0.65	-$0.91	-$0.69	-$0.64
Diluted Avg Shares	178.4	160.5	149.8	142.9	123.2
Basic Avg Shares	178.1	160.5	149.8	142.9	123.2

	6/30/26	3/31/26	12/31/25	9/30/25
Cash & Equivalents	93.04	55.24	58.26	32.70
Short-term Investments	0.33	0.33	0.33	0.00
Receivables	7.24	4.94	25.94	2.23
Inventory	0.37	0.13	0.14	7.03
Other Current Assets	80.57	43.15	36.41	61.28
Total Current Assets	181.55	103.79	121.07	103.24

Net PPE	96.13	101.45	96.06	93.47
Operating Lease ROU	2.02	2.17	2.24	2.33
Intangible Assets	7.20	7.06	8.28	6.29
Long-term Investments	1.34	3.37	3.37	4.69
Other Assets	82.29	80.21	81.86	71.86
Total Assets	370.53	298.04	312.88	281.88

Accounts Payable	14.99	9.08	30.84	36.00
Current Debt	77.98	21.14	56.63	28.61
Current Lease Liabilities	0.52	0.56	0.51	0.49
Other Current Liabilities	58.72	41.24	77.04	99.35
Total Current Liabilities	152.20	72.03	165.02	164.44
Long-term Debt	165.04	150.53	37.97	31.56
Long-term Lease Liabilities	1.35	1.41	1.50	1.68
Other Liabilities	19.33	20.29	19.77	3.65
Total Liabilities	337.92	244.26	224.26	201.33
Mezzanine Equity	25.75	23.32	21.16	—

Retained Earnings	(549.61)	(519.92)	(487.43)	(466.70)
Total Equity	6.86	30.46	67.46	80.55

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Cash & Equivalents	93.04	58.26	27.09	109.92	203.04
Short-term Investments	0.33	0.33	2.93	0.00	—
Receivables	7.24	25.94	14.56	27.19	37.46
Inventory	0.37	0.14	0.11	0.41	4.38
Other Current Assets	80.57	36.41	24.21	142.06	145.19
Total Current Assets	181.55	121.07	68.91	279.58	390.07

Net PPE	96.13	96.06	99.49	31.04	3.04
Operating Lease ROU	2.02	2.24	1.21	1.70	1.44
Intangible Assets	7.20	8.28	4.54	1.79	0.00
Long-term Investments	1.34	3.37	3.27	17.30	—
Other Assets	82.29	81.86	6.48	9.35	22.16
Total Assets	370.53	312.88	183.89	340.75	416.71

Accounts Payable	14.99	30.84	20.25	21.16	60.31
Current Debt	77.98	56.63	0.00	—	—
Current Lease Liabilities	0.52	0.51	0.46	0.70	0.79
Other Current Liabilities	58.72	77.04	33.94	89.99	64.22
Total Current Liabilities	152.20	165.02	54.66	111.85	125.32
Long-term Debt	165.04	37.97	0.00	—	—
Long-term Lease Liabilities	1.35	1.50	0.79	1.04	0.71
Other Liabilities	19.33	19.77	2.19	4.06	2.97
Total Liabilities	337.92	224.26	57.63	116.96	129.00
Mezzanine Equity	25.75	21.16	0.00	—	0.00

Retained Earnings	(549.61)	(487.43)	(383.82)	(248.07)	(147.26)
Total Equity	6.86	67.46	126.26	223.79	287.71

	6/30/26	3/31/26	12/31/25	9/30/25
Net Income	(29.69)	(32.48)	(20.73)	(26.82)
D&A	1.92	2.22	2.36	0.30
Stock-Based Comp	4.37	7.05	8.30	10.15
Δ Working Cap & Other	(7.16)	(30.59)	3.50	4.66
Operating Cash Flow	(30.56)	(53.80)	(6.57)	(11.71)

CapEx	(9.15)	(7.06)	(10.44)	(15.46)
Other Investing	—	11.77	(1.37)	—
Investing Cash Flow	(9.15)	4.71	(11.81)	(15.46)

Debt Issuance	74.09	150.00	34.10	53.41
Debt Repayment	(3.09)	(56.48)	(4.94)	(23.69)
Stock Issuance	—	—	0.00	5.65
Other Financing	2.96	(32.37)	30.46	(4.07)
Financing Cash Flow	73.97	61.15	59.62	31.29

Effect of FX on Cash	(3.37)	1.62	0.28	(0.30)

Free Cash Flow	(39.71)	(60.85)	(17.01)	(27.16)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Net Income	(109.73)	(103.66)	(135.81)	(98.44)	(78.30)
D&A	6.80	3.44	1.06	0.89	7.74
Stock-Based Comp	29.87	36.71	38.71	43.10	41.06
Δ Working Cap & Other	(29.58)	57.86	40.19	(38.20)	6.15
Operating Cash Flow	(102.64)	(5.65)	(55.86)	(92.66)	(23.35)

CapEx	(42.10)	(41.09)	(58.85)	(30.43)	(2.32)
Other Investing	10.39	(3.51)	—	(12.11)	(11.00)
Investing Cash Flow	(31.71)	(44.61)	(58.74)	(42.54)	(13.32)

Debt Issuance	311.60	151.30	0.00	—	—
Debt Repayment	(88.20)	(56.46)	0.00	—	0.00
Stock Issuance	—	6.85	0.00	0.00	235.94
Other Financing	2.63	21.36	—	(5.48)	(18.17)
Financing Cash Flow	226.03	123.05	(0.25)	(5.48)	217.77

Effect of FX on Cash	(1.76)	0.58	(0.63)	0.05	(0.05)

Free Cash Flow	(144.74)	(46.74)	(114.71)	(123.09)	(25.66)

	6/30/26	3/31/26	12/31/25	9/30/25
Current Ratio	1.19	1.44	0.73	0.63
Quick Ratio	1.19	1.44	0.73	0.59
Debt / Equity	35.44	5.64	1.40	0.75
EBITDA Margin %	(130.9%)	(100.5%)	(3.5%)	(51.9%)
Working Capital	29.35	31.76	(43.95)	(61.20)
Net Debt	149.97	116.43	36.34	27.48
ROE %	(433.0%)	(106.7%)	(30.7%)	(33.3%)
ROA %	(8.0%)	(10.9%)	(6.6%)	(9.5%)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Current Ratio	1.19	0.73	1.26	2.50	3.11
Quick Ratio	1.19	0.73	1.26	2.50	3.08
Debt / Equity	35.44	1.40	0.00	—	—
EBITDA Margin %	(29.8%)	(34.8%)	(279.1%)	(31.0%)	(37.9%)
Working Capital	29.35	(43.95)	14.25	167.73	264.74
Net Debt	149.97	36.34	(27.09)	—	—
ROE %	(1600.2%)	(153.7%)	(107.6%)	(44.0%)	(27.2%)
ROA %	(29.6%)	(33.1%)	(73.9%)	(28.9%)	(18.8%)

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-08-18	Hixon Dylan	Director	2026-08-17	P	27,472	$3.88	$106,536
2026-08-17	Hixon Dylan	Director	2026-08-14	P	26,845	$3.73	$100,212
2026-08-17	Hixon Dylan	Director	2026-08-14	P	26,809	$3.73	$100,078
2026-08-17	Hixon Dylan	Director	2026-08-14	P	31,864	$3.75	$119,490
2026-08-06	Dahiya Nitin	Officer (Chief Financial Officer)	2026-08-04	A	400,000	—	$0
2026-08-06	Dahiya Nitin	Officer (Chief Financial Officer)	2026-08-04	A	400,000	—	$0
2026-07-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-07-06	M	50,000	$1.17	$58,500
2026-07-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-07-06	S	(65,000)	$4.08	-$265,200
2026-07-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-07-06	M	(50,000)	—	$-0
2026-07-02	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-06-30	F	(141,682)	$4.71	-$667,322
2026-07-02	Ladwa Akshay	Officer (Chief Operations Officer)	2026-06-30	F	(52,721)	$4.71	-$248,316
2026-07-02	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-06-30	F	(24,139)	$4.71	-$113,695
2026-06-26	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-06-25	A	3,886,000	—	$0
2026-06-01	Unwin Stephanie	Director	2026-05-29	A	19,153	—	$0
2026-06-01	Mandanas Mary Beth	Director	2026-05-29	A	22,026	—	$0
2026-06-01	Fariello Theresa M	Director	2026-05-29	A	19,153	—	$0
2026-06-01	Hixon Dylan	Director	2026-05-29	A	19,153	—	$0
2026-06-01	Paulson Larry	Director	2026-05-29	A	22,026	—	$0
2026-06-01	Ertel Thomas R	Director	2026-05-29	A	22,026	—	$0
2026-04-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-04-06	M	50,000	$1.17	$58,500
2026-04-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-04-06	S	(65,000)	$3.18	-$206,700
2026-04-08	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-04-06	M	(50,000)	—	$-0
2026-04-02	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-03-31	F	(329,921)	$3.30	-$1,088,739
2026-04-02	Ladwa Akshay	Officer (Chief Operations Officer)	2026-03-31	F	(147,984)	$3.30	-$488,347
2026-04-02	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-03-31	F	(28,738)	$3.30	-$94,835
2026-04-01	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-03-31	P	12,500	$3.21	$40,120
2026-03-26	Mandanas Mary Beth	Director	2026-03-25	P	5,000	$3.65	$18,250
2026-03-16	Ladwa Akshay	Officer (Chief Operations Officer)	2026-03-12	A	475,000	—	$0
2026-03-16	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-03-12	A	150,000	—	$0
2026-03-06	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-03-05	F	(68,737)	$3.00	-$206,211
2026-03-06	Ladwa Akshay	Officer (Chief Operations Officer)	2026-03-05	F	(10,064)	$3.00	-$30,192
2026-03-05	Ertel Thomas R	Director	2026-03-04	P	5,450	$3.37	$18,366
2026-03-04	Ladwa Akshay	Officer (Chief Operations Officer)	2026-03-02	P	4,000	$3.08	$12,340
2026-03-02	Paulson Larry	Director	2026-02-27	P	5,000	$3.15	$15,726
2026-02-26	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-02-26	P	7,500	$3.25	$24,412
2026-01-30	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-01-30	A	200,000	—	$0
2026-01-30	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-01-30	F	(77,046)	$4.61	-$355,182
2026-01-30	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-01-30	A	200,000	—	$0
2026-01-30	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-01-30	F	(103,100)	$5.43	-$559,833
2026-01-23	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2026-01-22	F	(91,374)	$4.61	-$421,234
2026-01-23	Beer Michael Thomas	Officer (Chief Financial Officer)	2026-01-22	F	(15,693)	$4.61	-$72,345
2026-01-23	Ladwa Akshay	Officer (Chief Operations Officer)	2026-01-22	F	(15,711)	$4.61	-$72,428
2026-01-23	Wiese Christopher	Officer (President, Energy Vault Labs)	2026-01-22	F	(6,808)	$4.61	-$31,385
2026-01-20	SOFTBANK VISION FUND (AIV M2) L.P.	10% Owner	2026-01-15	S	(3,000,000)	$5.65	-$16,950,000
2025-12-23	Beer Michael Thomas	Officer (Chief Financial Officer)	2025-12-23	S	(50,000)	$4.91	-$245,540
2025-12-12	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-12-12	F	(8,751)	$3.44	-$30,103
2025-12-12	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-12-11	F	(8,612)	$3.44	-$29,625
2025-12-12	Ladwa Akshay	Officer (Chief Operations Officer)	2025-12-11	F	(21,594)	$3.44	-$74,283
2025-11-14	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-11-14	P	10,000	$3.00	$29,958
2025-11-14	Ladwa Akshay	Officer (Chief Operations Officer)	2025-11-13	F	(9,886)	$3.54	-$34,996
2025-11-14	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-11-13	F	(2,639)	$3.54	-$9,342
2025-11-14	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-11-13	F	(2,642)	$3.54	-$9,353
2025-10-21	Ladwa Akshay	Officer (Chief Operations Officer)	2025-10-15	G	(50,000)	—	$-0
2025-10-14	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-10-10	F	(13,719)	$2.97	-$40,745
2025-10-14	Beer Michael Thomas	Officer (Chief Financial Officer)	2025-10-10	F	(15,581)	$2.97	-$46,276
2025-10-14	Ladwa Akshay	Officer (Chief Operations Officer)	2025-10-10	F	(17,007)	$2.97	-$50,511
2025-10-14	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-10-10	F	(5,591)	$2.97	-$16,605
2025-09-26	Ladwa Akshay	Officer (Chief Operations Officer)	2025-09-25	S	(75,000)	$3.11	-$233,025
2025-09-26	Ladwa Akshay	Officer (Chief Operations Officer)	2025-09-24	S	(75,000)	$2.98	-$223,200
2025-09-25	Ladwa Akshay	Officer (Chief Operations Officer)	2025-09-23	S	(75,000)	$3.23	-$242,625
2025-09-24	Ladwa Akshay	Officer (Chief Operations Officer)	2025-09-22	F	(13,250)	$2.02	-$26,765
2025-09-24	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-09-22	F	(8,750)	$2.02	-$17,675
2025-09-24	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-09-22	F	(10,400)	$2.02	-$21,008
2025-09-19	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-09-19	P	17,500	$3.02	$52,874
2025-09-18	Paulson Larry	Director	2025-09-18	P	20,000	$2.40	$47,998
2025-09-18	Unwin Stephanie	Director	2025-09-16	A	140,114	—	$0
2025-09-18	Paulson Larry	Director	2025-09-16	A	161,132	—	$0
2025-09-18	Mandanas Mary Beth	Director	2025-09-16	A	161,132	—	$0
2025-09-18	Fariello Theresa M	Director	2025-09-16	A	140,114	—	$0
2025-09-18	Hixon Dylan	Director	2025-09-16	A	98,449	—	$0
2025-09-18	Ertel Thomas R	Director	2025-09-16	A	161,132	—	$0
2025-09-17	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-09-17	P	50,000	$2.30	$115,120
2025-09-16	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-09-16	P	25,000	$2.21	$55,285
2025-09-12	Beer Michael Thomas	Officer (Chief Financial Officer)	2025-09-12	S	(50,000)	$2.17	-$108,250
2025-09-12	Mandanas Mary Beth	Director	2025-09-11	P	10,000	$2.05	$20,520
2025-09-05	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-09-04	F	(2,642)	$1.14	-$2,999
2025-09-05	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-09-04	F	(2,639)	$1.14	-$2,995
2025-09-05	Ladwa Akshay	Officer (Chief Operations Officer)	2025-09-04	F	(8,210)	$1.14	-$9,318
2025-08-29	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-08-29	P	22,500	$1.92	$43,108
2025-08-29	Hixon Dylan	Director	2025-08-29	P	20,000	$1.92	$38,310
2025-08-29	Hixon Dylan	Director	2025-08-14	P	20,000	$1.50	$29,912
2025-08-28	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-08-28	P	55,000	$1.71	$93,814
2025-08-28	Ertel Thomas R	Director	2025-08-28	P	11,200	$1.81	$20,229
2025-08-28	Paulson Larry	Director	2025-08-28	P	20,000	$1.78	$35,598
2025-08-27	Fariello Theresa M	Director	2025-08-26	P	5,000	$1.71	$8,525
2025-08-21	Wiese Christopher	Officer (President, Energy Vault Labs)	2025-08-21	P	6,200	$1.59	$9,858
2025-08-14	Hixon Dylan	Director	2025-08-14	P	20,000	$1.50	$29,912
2025-08-13	Paulson Larry	Director	2025-08-13	P	20,000	$1.38	$27,598
2025-08-12	Ertel Thomas R	Director	2025-08-11	P	13,300	$1.44	$19,151
2025-07-18	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-07-18	S	(15,046)	$0.81	-$12,195
2025-07-18	Beer Michael Thomas	Officer (Chief Financial Officer)	2025-07-18	S	(33,897)	$0.81	-$27,474
2025-07-18	Wiese Christopher	Officer (Chief Operating Officer)	2025-07-18	S	(4,946)	$0.81	-$4,009
2025-07-18	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-07-18	S	(12,135)	$0.81	-$9,835
2025-06-10	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-06-06	S	(17,530)	$0.97	-$17,092
2025-06-10	Wiese Christopher	Officer (Chief Operating Officer)	2025-06-06	S	(9,441)	$0.97	-$9,205
2025-06-10	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-06-06	S	(9,326)	$0.97	-$9,093
2025-05-16	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-05-16	S	(40,277)	$0.94	-$37,933
2025-05-01	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-04-29	S	(57,033)	$0.71	-$40,436
2025-05-01	Wiese Christopher	Officer (Chief Operating Officer)	2025-04-29	S	(21,806)	$0.71	-$15,460
2025-04-08	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-04-04	S	(26,698)	$0.71	-$18,846
2025-04-08	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-04-04	S	(16,594)	$0.71	-$11,714
2025-04-08	Wiese Christopher	Officer (Chief Operating Officer)	2025-04-04	S	(20,530)	$0.71	-$14,492
2025-03-26	Beer Michael Thomas	Officer (Chief Financial Officer)	2025-03-24	A	100,000	—	$0
2025-03-26	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-03-24	A	850,000	—	$0
2025-03-26	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-03-24	A	2,500,000	—	$0
2025-03-26	Wiese Christopher	Officer (Chief Operating Officer)	2025-03-24	A	250,000	—	$0
2025-02-11	Wiese Christopher	Officer (Chief Operating Officer)	2025-02-07	S	(3,412)	$1.64	-$5,593
2025-02-11	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-02-07	S	(10,253)	$1.64	-$16,807
2025-02-11	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2025-02-07	S	(2,806)	$1.64	-$4,600
2025-01-14	Ladwa Akshay	Officer (Chief Engineering Officer)	2025-01-10	S	(4,762)	$1.96	-$9,318
2024-12-17	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2024-12-13	S	(9,697)	$1.83	-$17,743
2024-12-17	Ladwa Akshay	Officer (Chief Engineering Officer)	2024-12-13	S	(23,557)	$1.83	-$43,102
2024-12-17	Wiese Christopher	Officer (Chief Operating Officer)	2024-12-13	S	(9,854)	$1.83	-$18,030
2024-11-25	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2024-11-22	P	150,000	$1.57	$235,290
2024-11-13	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2024-11-11	S	(2,859)	$2.09	-$5,967
2024-11-13	Ladwa Akshay	Officer (Chief Engineering Officer)	2024-11-11	S	(11,027)	$2.09	-$23,013
2024-11-13	Wiese Christopher	Officer (Chief Operating Officer)	2024-11-11	S	(2,365)	$2.09	-$4,936
2024-10-09	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-08	S	(22,222)	$0.88	-$19,600
2024-10-09	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-07	S	(22,222)	$0.94	-$20,944
2024-10-07	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-04	S	(22,222)	$0.92	-$20,535
2024-10-07	Ladwa Akshay	Officer (Chief Engineering Officer)	2024-10-04	S	(3,323)	$0.92	-$3,057
2024-10-07	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-03	S	(22,222)	$0.94	-$20,855
2024-10-03	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-02	S	(22,222)	$0.95	-$21,066
2024-10-03	Terruzzin Marco	Officer (Chief Product Officer)	2024-10-01	S	(22,222)	$0.95	-$21,042
2024-09-16	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2024-09-13	P	300,000	$0.87	$260,190
2024-09-10	ALEXANDER LAURENCE	Officer (Chief Marketing Officer)	2024-09-09	S	(24,208)	$0.83	-$20,020
2024-09-10	McMorrow Josh	Officer (Chief Legal Officer)	2024-09-09	S	(24,305)	$0.83	-$20,100
2024-09-10	Ladwa Akshay	Officer (Chief Engineering Officer)	2024-09-09	S	(17,899)	$0.83	-$14,802
2024-09-10	Icoren Goncagul	Officer (Chief People Officer)	2024-09-06	S	(19,466)	$0.85	-$16,585
2024-09-10	Terruzzin Marco	Officer (Chief Product Officer)	2024-09-06	S	(35,958)	$0.85	-$30,636
2024-09-10	Piconi Robert	Director, Officer (Chief Executive Officer), 10% Owner	2024-09-06	S	(10,213)	$0.85	-$8,701
2024-09-10	Wiese Christopher	Officer (Chief Operating Officer)	2024-09-06	S	(10,377)	$0.85	-$8,841