AI assistant
NET Power Inc. — Director's Dealing 2024
Nov 26, 2024
33525_dirs_2024-11-26_c6172b78-ea25-4968-9f43-57e363dfa4b8.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NET Power Inc. (NPWR)
CIK: 0001845437
Period of Report: 2024-11-22
Reporting Person: PATEL AKASH S. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-22 | Class B Common Stock | J | 150000 | — | Disposed | 640448 | Direct |
| 2024-11-22 | Class A Common Stock | C | 150000 | — | Acquired | 150000 | Direct |
| 2024-11-22 | Class A Common Stock | S | 150000 | $12.6478 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-22 | Class A Units of NET Power Operations LLC | $ | C | 150000 | Disposed | Class A Common Stock (150000) | Direct |
Footnotes
F1: 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.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3: 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.