NET Power Inc. — Director's Dealing 2025

Nov 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET Power Inc. (NPWR)
CIK: 0001845437
Period of Report: 2025-10-31

Reporting Person: Beauchamp Cynda (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-31	Class A Common Stock	S	18116	$4.0527	Disposed	1847130	Indirect
2025-11-02	Class A Common Stock	J	1847130	—	Disposed	0	Indirect
2025-11-02	Class B Common Stock	J	22729880	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-02	Class A Units of NET Power Operations LLC	$	J	22729880	Disposed		Class A Common Stock (22729880)	Indirect

Footnotes

F1: The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $4.05 to $4.06. NPEH, LLC ("NPEH") will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F2: The securities reported in this Form 4 are directly held by NPEH, a limited liability company of which the Reporting Person was the indirect majority owner. On November 2, 2025, the Reporting Person sold 100% of the equity interests of 8RCH, LLC, which holds 50% of the equity interests of each of Tillandsia, Inc. ("Tillandsia"), Areca, Inc. ("Areca") and Chamaedorea, Inc. ("Chamaedoria"). Tillandsia, Areca and Chamaedorea own approximately 18.6%, 25.77% and 24.11%, respectively, of the voting units of 8 Rivers Capital, LLC ("8 Rivers"). 8 Rivers is the manager and owns approximately 91.4% of NPEH.

F3: For each Class A Unit of Net Power Operations LLC, NPEH owns one corresponding share of Class B Common Stock of the Issuer. The Class A Units of NET Power Operations LLC are exchangeable (together with the cancellation of a corresponding number of shares of the Issuer's Class B Common Stock) into shares of the Issuer's Class A Common Stock on a one-for-one basis or, at the Issuer's election, cash, and have no expiration date.