Form 4 for NPWR Net Power Inc.
Accepted 2024-11-21 00:00:00 ET · period of report 2024-11-19 · accession 0001104659-24-121689 · 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 | 2024-11-21 | 2024-11-20+ | NPWR | NPEH, LLC | 10% | S - Sale | $12.67 | -829.4K | 431.0K | -66% | -$10.51M |
| D | 2024-11-21 | 2024-11-19 | NPWR | NPEH, LLC | 10% | J - Other | — | -1.26M | 26.73M | -5% | — |
| D | 2024-11-21 | 2024-11-19 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | — | +1.26M | 1.26M | New | — |
| D | 2024-11-21 | 2024-11-19 | NPWR | NPEH, LLC | 10% | C - Cnv Deriv | — | -1.26M | 26.73M | -5% | — |
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 | 2024-11-20 | S | D | 320,371 | $12.60 | 940,049 | 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 $12.315 to $12.93. 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. |
| 2 | Common | Class A Common Stock | 2024-11-21 | S | D | 509,040 | $12.72 | 431,009 | 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 $12.55 to $13.04. 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. |
| 3 | Common | Class B Common Stock | 2024-11-19 | J | D | 1,260,420 | — | 26,729,880 | D | — | — | (F2) For each Class A Unit of Net Power Operations LLC, NPEH owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 1,260,420 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by NPEH, which have no economic value, were cancelled. |
| 4 | Common | Class A Common Stock | 2024-11-19 | C | A | 1,260,420 | — | 1,260,420 | 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 November 19, 2024, NPEH, LLC ("NPEH") exchanged 1,260,420 Class A Units of NET Power Operations LLC for 1,260,420 shares of the Issuer's Class A Common Stock. |
| 5 | Derivative | Class A Units of NET Power Operations LLC | 2024-11-19 | C | D | 1,260,420 | — | 26,729,880 | D | — · — to — | 1,260,420 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 November 19, 2024, NPEH, LLC ("NPEH") exchanged 1,260,420 Class A Units of NET Power Operations LLC for 1,260,420 shares of the Issuer's Class A Common Stock. |