Sherif Foda - 24 Nov 2021 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Director
Signature
/s/ William Yeung, Attorney-in-fact for Sherif Foda
Issuer symbol
ERII
Transactions as of
24 Nov 2021
Net transactions value
-$449,260
Form type
4
Filing time
29 Nov 2021, 17:24:49 UTC
Previous filing
15 Sep 2021
Next filing
13 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $78,024 +7,818 +162% $9.98 12,630 24 Nov 2021 Direct
transaction ERII Common Stock Options Exercise $93,070 +12,182 +96% $7.64 24,812 24 Nov 2021 Direct
transaction ERII Common Stock Sale $449,260 -20,000 -81% $22.46 4,812 24 Nov 2021 Direct F1

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 ERII Stock Option (Right to Buy) Options Exercise $78,024 -7,818 -100% $9.98 0 24 Nov 2021 Common Stock 7,818 $9.98 Direct F2
transaction ERII Stock Option (Right to Buy) Options Exercise $93,070 -12,182 -65% $7.64 6,487 24 Nov 2021 Common Stock 12,182 $7.64 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This figure is the weighted average sales price of multiple trades ranging from $22.30 to $22.53 per share. The Reporting Person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request.
F2 These stock options were granted on June 13, 2019 and were fully vested and exercisable on the 2020 Annual Meeting date.
F3 These stock options were granted on July 16, 2020 and were fully vested and exercisable on the 2021 Annual Meeting date.

Remarks:

Exhibit 24