Form 4 for NPWR Net Power Inc.
Accepted 2024-09-06 00:00:00 ET · period of report 2024-09-03 · accession 0001104659-24-097891 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-09-06 | 2024-09-03 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | — | +500.0K | 500.0K | New | — |
| D | 2024-09-06 | 2024-09-03 | NPWR | NPEH, LLC | 10% | J - Other | — | -500.0K | 29.51M | -2% | — |
| DM | 2024-09-06 | 2024-09-04+ | NPWR | NPEH, LLC | 10% | S - Sale | $7.97 | -310.7K | 256.2K | -55% | -$2.48M |
| D | 2024-09-06 | 2024-09-03 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | $0.00 | -500.0K | 29.51M | -2% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-09-03 | C | A | 500,000 | — | 500,000 | D | — | — | (F1) The Class A Units of NET Power Operations LLC are exchangeable into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date. On September 3, 2024, the Reporting Person exchanged 500,000 Class A Units of NET Power Operations LLC for 500,000 shares of the Issuer's Class A Common Stock. |
| 2 | Common | Class B Common Stock | 2024-09-03 | J | D | 500,000 | — | 29,505,300 | D | — | — | (F2) For each Class A Unit of Net Power Operations LLC, the Reporting Person owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 500,000 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value, were cancelled. |
| 3 | Common | Class A Common Stock | 2024-09-04 | S | D | 83,325 | $8.10 | 416,675 | D | — | — | (F3) 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 $7.97 to $8.20. The Reporting Person 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. |
| 4 | Common | Class A Common Stock | 2024-09-06 | S | D | 66,825 | $7.88 | 189,329 | D | — | — | (F5) 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 $7.77 to $7.96. The Reporting Person 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. |
| 5 | Common | Class A Common Stock | 2024-09-05 | S | D | 160,521 | $7.94 | 256,154 | D | — | — | (F4) 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 $7.86 to $8.05. The Reporting Person 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. |
| 6 | Derivative | Class A Units of NET Power Operations LLC | 2024-09-03 | C | D | 500,000 | $0.00 | 29,505,300 | D | — · — to — | 500,000 Class A Common Stock | (F1) The Class A Units of NET Power Operations LLC are exchangeable into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date. On September 3, 2024, the Reporting Person exchanged 500,000 Class A Units of NET Power Operations LLC for 500,000 shares of the Issuer's Class A Common Stock. |