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
- 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.
- 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.
- 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.