Npeh, Llc - Nov 19, 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
Nov 19, 2024
Transactions value $
-$10,508,755
Form type
4
Date filed
11/21/2024, 08:36 PM
Previous filing
Oct 18, 2024
Next filing
Nov 26, 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 +1.26M 1.26M Nov 19, 2024 Direct F1
transaction NPWR Class B Common Stock Other -1.26M -4.5% 26.7M Nov 19, 2024 Direct F2
transaction NPWR Class A Common Stock Sale -$4.04M -320K -25.42% $12.60 940K Nov 20, 2024 Direct F3
transaction NPWR Class A Common Stock Sale -$6.47M -509K -54.15% $12.72 431K Nov 21, 2024 Direct F4

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 -1.26M -4.5% 26.7M Nov 19, 2024 Class A Common Stock 1.26M 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 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.
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.
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.
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.