Filing Details
- Accession Number:
- 0001845437-24-000066
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-11-26 16:00:51
- Reporting Period:
- 2024-11-22
- Accepted Time:
- 2024-11-26 16:00:51
- 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 |
|---|---|---|---|---|---|---|---|
| 1979780 | S. Akash Patel | 320 Roney Street Suite 200 Durham NC 27701 | Chief Financial Officer | No | Yes | No | 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 B Common Stock | Disposition | 2024-11-22 | 150,000 | $0.00 | 640,448 | No | 4 | J | Direct | |
| Class A Common Stock | Acquisiton | 2024-11-22 | 150,000 | $0.00 | 150,000 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2024-11-22 | 150,000 | $12.65 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | C | 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 | 2024-11-22 | 150,000 | $0.00 | 150,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 640,448 | No | 4 | C | Direct |
Footnotes
- On November 22, 2024, 150,000 Class A Units of NET Power Operations LLC (a subsidiary of the issuer) held by the reporting person were redeemed in exchange for an equal number of shares of the issuer's Class A Common Stock pursuant to a redemption notice from the reporting person dated November 22, 2024, and upon such redemption, 150,000 shares of the issuer's Class B Common Stock held by the reporting person were surrendered to the issuer and canceled.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.35 to $13.41, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
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