Form 4 for NPWR Net Power Inc.
Accepted 2024-09-16 00:00:00 ET · period of report 2024-09-12 · accession 0001104659-24-100355 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-09-16 | 2024-09-12+ | NPWR | NPEH, LLC | 10% | S - Sale | $7.07 | -40.4K | 105.5K | -28% | -$285.6K |
| D | 2024-09-16 | 2024-09-16 | NPWR | NPEH, LLC | 10% | J - Other | — | -500.0K | 29.01M | -2% | — |
| D | 2024-09-16 | 2024-09-16 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | — | +500.0K | 567.4K | +741% | — |
| D | 2024-09-16 | 2024-09-16 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | $0.00 | -500.0K | 29.01M | -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 | 2024-09-16 | S | D | 36,752 | $7.05 | 67,445 | 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 $7.00 to $7.11. 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. |
| 2 | Common | Class A Common Stock | 2024-09-13 | S | D | 1,340 | $7.26 | 104,197 | D | — | — | (F2) 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 $7.25 to $7.30. 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. |
| 3 | Common | Class A Common Stock | 2024-09-12 | S | D | 2,315 | $7.26 | 105,537 | D | — | — | (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 $7.25 to $7.29. 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 B Common Stock | 2024-09-16 | J | D | 500,000 | — | 29,005,300 | D | — | — | (F5) 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. |
| 5 | Common | Class A Common Stock | 2024-09-16 | C | A | 500,000 | — | 567,445 | D | — | — | (F4) 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 16, 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. |
| 6 | Derivative | Class A Units of Net Power Operations LLC | 2024-09-16 | C | D | 500,000 | $0.00 | 29,005,300 | D | — · — to — | 500,000 Class A Common Stock | (F4) 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 16, 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. |