Npeh, Llc - Sep 25, 2024 Form 4 Insider Report for NET Power Inc. (NPWR)

Role
10%+ Owner
Signature
/s/ Asheley Kinsey, Chief Financial Officer of 8 Rivers Capital, LLC, its Manager
Stock symbol
NPWR
Transactions as of
Sep 25, 2024
Transactions value $
-$384,536
Form type
4
Date filed
10/7/2024, 06:45 PM
Previous filing
Sep 19, 2024
Next filing
Oct 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NPWR Class A Common Stock Conversion of derivative security +1.02M 1.02M Sep 25, 2024 Direct F1
transaction NPWR Class B Common Stock Other -1.02M -3.5% 28M Sep 25, 2024 Direct F2
transaction NPWR Class A Common Stock Sale -$385K -54.9K -5.41% $7.00 960K Oct 7, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NPWR Class A Units of Net Power Operations LLC Conversion of derivative security $0 -1.02M -3.5% $0.00 28M Sep 25, 2024 Class A Common Stock 1.02M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.