Form 4 for NPWR Net Power Inc.
Accepted 2025-04-04 00:00:00 ET · period of report 2025-04-02 · accession 0001845437-25-000016 · 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 | 2025-04-04 | 2025-04-03 | NPWR | PATEL AKASH S. | CFO | S - Sale | $2.29 | -7,359 | 0 | -100% | -$16.9K |
| D | 2025-04-04 | 2025-04-02 | NPWR | PATEL AKASH S. | CFO | A - Grant | $0.00 | +117.8K | 457.8K | +35% | $0 |
| D | 2025-04-04 | 2025-04-02 | NPWR | PATEL AKASH S. | CFO | A - Grant | $0.00 | +117.8K | 151.2K | +352% | $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 | 2025-04-03 | S | D | 7,359 | $2.29 | 0 | D | — | — | (F2) The Reporting Person was issued 7,359 net shares of Class A Common Stock upon the vesting of 11,151 restricted stock units on April 2, 2025. The sale of such shares was effected pursuant to a Rule 10b5-1 trading plan. (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $2.25 to $2.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| 2 | Common | Restricted Stock Units | 2025-04-02 | A | A | 117,757 | $0.00 | 457,790 | D | — | — | (F1) Restricted stock units that vest in three equal installments on each anniversary of April 2, 2025, subject to continued employment. |
| 3 | Derivative | Performance Stock Units | 2025-04-02 | A | A | 117,757 | $0.00 | 151,208 | D | — · — to — | 117,757 Class A Common Stock | (F4) The Reporting Person will receive a number of shares of Class A common stock equal to 50% of the number of PSUs upon attainment of a 10% compound annual growth rate ("CAGR") of the 30-day volume weighted average price ("VWAP") of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 100% of the number of PSUs upon attainment of a 12% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 200% of the number of PSUs upon attainment of a 15% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. |