Filing Details

Accession Number:
0001104659-24-106771
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-10-07 18:45:51
Reporting Period:
2024-09-25
Accepted Time:
2024-10-07 18:45:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1845437 Net Power Inc. NPWR Electrical Industrial Apparatus (3620) 981580612
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1981772 Npeh, Llc 406 Blackwell Street, 4Th Floor
Durham NC 27701
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2024-09-25 1,015,000 $0.00 1,015,000 No 4 C Direct
Class B Common Stock Disposition 2024-09-25 1,015,000 $0.00 27,990,300 No 4 J Direct
Class A Common Stock Disposition 2024-10-07 54,922 $7.00 960,078 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 J Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class A Units of Net Power Operations LLC Disposition 2024-09-25 1,015,000 $0.00 1,015,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
27,990,300 No 4 C Direct
Footnotes
  1. The Class A Units of NET Power Operations LLC are exchangeable into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date. On September 25, 2024, the Reporting Person exchanged 1,015,000 Class A Units of NET Power Operations LLC for 1,015,000 shares of the Issuer's Class A Common Stock.
  2. For each Class A Unit of Net Power Operations LLC, the Reporting Person owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 1,015,000 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value, were cancelled.
  3. The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $7.00 to $7.02. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.