Kyle Derham - Jun 30, 2023 Form 4 Insider Report for NET Power Inc. (NPWR)

Role: Director
Signature: /s/ James Wilmot Rogers as Attorney-in-Fact
Stock symbol: NPWR
Transactions as of: Jun 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/30/2023, 05:23 PM
Previous filing: Jun 12, 2023
Next filing: Aug 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NPWR	Class B Common Stock	Other	$0	+1.39M		$0.00	1.39M	Jun 30, 2023	Direct	F1, F2
transaction	NPWR	Class B Common Stock	Other	$0	+286K	+20.59%	$0.00	1.68M	Jun 30, 2023	The Derham Children's Trust of 2020	F1, F2, 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 B Units of NET Power Operations LLC	Other	$0	+1.39M		$0.00	1.39M	Jun 30, 2023	Class A Common Stock	1.39M		Direct	F1, F4
transaction	NPWR	Class B Units of NET Power Operations LLC	Other	$0	+286K	+20.59%	$0.00	1.68M	Jun 30, 2023	Class A Common Stock	286K		The Derham Children's Trust of 2020	F1, F3, F4
transaction	NPWR	Warrants	Other	$0	+2.01M		$0.00	2.01M	Jun 30, 2023	Class A Common Stock	2.01M	$11.50	Direct	F1
transaction	NPWR	Warrants	Other	$0	+414K	+20.59%	$0.00	2.42M	Jun 30, 2023	Class A Common Stock	414K	$11.50	The Derham Children's Trust of 2020	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received from Rice Acquisition Sponsor LLC ("Sponsor") pursuant to the pro rata distribution of all of the securities of the issuer held by Sponsor to its members.
F2	Prior to the distribution by Sponsor referred to in footnote 1, the reporting person was a managing member of Sponsor, and as such, the reporting person may have been deemed to have beneficial ownership of the securities held of record by Sponsor and the reporting person's prior Form 4s included transactions and direct holdings of Sponsor.
F3	The Derham Children's Trust of 2020 (the "Trust") is the record holder of the securities reported herein and the reporting person is the trustee of the Trust. By virtue of the relationship, the reporting person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F4	The Class B Units of Opco are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability agreement of Opco. The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.