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Filing Details

Accession Number:: 0001845437-25-000016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-04-04 21:57:51
Reporting Period:: 2025-04-02

Filing Date:: 2025-04-04
Accepted Time:: 2025-04-04 21:57:51
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Restricted Stock Units	Acquisiton	2025-04-02	117,757	$0.00	457,790	No	4	A	Direct
Class A Common Stock	Disposition	2025-04-03	7,359	$2.29	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Performance Stock Units	Acquisiton	2025-04-02	117,757	$0.00	117,757	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
151,208			No	4	A	Direct

Footnotes

Restricted stock units that vest in three equal installments on each anniversary of April 2, 2025, subject to continued employment.
The Reporting Person was issued 7,359 net shares of Class A Common Stock upon the vesting of 11,151 restricted stock units on April 2, 2025. The sale of such shares was 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 $2.25 to $2.39, 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.
The Reporting Person will receive a number of shares of Class A common stock equal to 50% of the number of PSUs upon attainment of a 10% compound annual growth rate ("CAGR") of the 30-day volume weighted average price ("VWAP") of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 100% of the number of PSUs upon attainment of a 12% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 200% of the number of PSUs upon attainment of a 15% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025.