NET Power Inc. — Director's Dealing 2023

Jun 30, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET Power Inc. (NPWR)
CIK: 0001845437
Period of Report: 2023-06-30

Reporting Person: Derham Kyle (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-30	Class B Common Stock	J	1390348	$0.00	Acquired	1390348	Direct
2023-06-30	Class B Common Stock	J	286320	$0.00	Acquired	1676668	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-30	Class B Units of NET Power Operations LLC	$	J	1390348	Acquired		Class A Common Stock (1390348)	Direct
2023-06-30	Class B Units of NET Power Operations LLC	$	J	286320	Acquired		Class A Common Stock (286320)	Indirect
2023-06-30	Warrants	$11.5	J	2010586	Acquired	2028-06-08	Class A Common Stock (2010586)	Direct
2023-06-30	Warrants	$11.5	J	414049	Acquired	2028-06-08	Class A Common Stock (414049)	Indirect

Footnotes

F1: Received from Rice Acquisition Sponsor LLC ("Sponsor") pursuant to the pro rata distribution of all of the securities of the issuer held by Sponsor to its members.

F2: Prior to the distribution by Sponsor referred to in footnote 1, the reporting person was a managing member of Sponsor, and as such, the reporting person may have been deemed to have beneficial ownership of the securities held of record by Sponsor and the reporting person's prior Form 4s included transactions and direct holdings of Sponsor.

F3: The Derham Children's Trust of 2020 (the "Trust") is the record holder of the securities reported herein and the reporting person is the trustee of the Trust. By virtue of the relationship, the reporting person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

F4: The Class B Units of Opco are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability agreement of Opco. The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.