Form 4 for NPWR Net Power Inc.
Accepted 2024-10-07 00:00:00 ET · period of report 2024-09-25 · accession 0001104659-24-106771 · 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 | 2024-10-07 | 2024-09-25 | NPWR | NPEH, LLC | 10% | J - Other | — | -1.01M | 27.99M | -3% | — |
| D | 2024-10-07 | 2024-09-25 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | — | +1.01M | 1.01M | New | — |
| D | 2024-10-07 | 2024-10-07 | NPWR | NPEH, LLC | 10% | S - Sale | $7.00 | -54.9K | 960.1K | -5% | -$384.5K |
| D | 2024-10-07 | 2024-09-25 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | $0.00 | -1.01M | 27.99M | -3% | $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 B Common Stock | 2024-09-25 | J | D | 1,015,000 | — | 27,990,300 | 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 1,015,000 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. |
| 2 | Common | Class A Common Stock | 2024-09-25 | C | A | 1,015,000 | — | 1,015,000 | 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 25, 2024, the Reporting Person exchanged 1,015,000 Class A Units of NET Power Operations LLC for 1,015,000 shares of the Issuer's Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2024-10-07 | S | D | 54,922 | $7.00 | 960,078 | 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 $7.02. 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 | Derivative | Class A Units of Net Power Operations LLC | 2024-09-25 | C | D | 1,015,000 | $0.00 | 27,990,300 | D | — · — to — | 1,015,000 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 25, 2024, the Reporting Person exchanged 1,015,000 Class A Units of NET Power Operations LLC for 1,015,000 shares of the Issuer's Class A Common Stock. |