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: Rice Acquisition Sponsor II LLC (Former Director and 10% owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-30	Class A Common Stock	J	2500	$0.00	Disposed	0	Direct
2023-06-30	Class B Common Stock	J	7535000	$0.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-30	Class A Units of NET Power Operations LLC	$	J	100	Disposed		Class A Common Stock (100)	Direct
2023-06-30	Class B Units of NET Power Operations LLC	$	J	7534900	Disposed		Class A Common Stock (7534900)	Direct
2023-06-30	Warrants	$11.5	J	10900000	Disposed	2028-06-08	Class A Common Stock (10900000)	Direct

Footnotes

F1: Represents the pro rata distribution of the securities of the issuer held by the reporting person to all of its members. Prior to such distribution, and as of the date hereof, no such securities have been disposed of for cash by either the reporting person or its members.

F2: The Class A Units of NET Power Operations LLC ("Opco") (together with the corresponding shares of the issuer's Class B common stock) are 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.

F3: 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.