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

Role
Director
Signature
/s/ William Yeung, Attorney-in-fact for Sherif Foda
Stock symbol
ERII
Transactions as of
Nov 24, 2021
Transactions value $
-$449,260
Form type
4
Date filed
11/29/2021, 05:24 PM
Previous filing
Sep 15, 2021
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $78K +7.82K +162.47% $9.98 12.6K Nov 24, 2021 Direct
transaction ERII Common Stock Options Exercise $93.1K +12.2K +96.45% $7.64 24.8K Nov 24, 2021 Direct
transaction ERII Common Stock Sale -$449K -20K -80.61% $22.46 4.81K Nov 24, 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 -$78K -7.82K -100% $9.98 0 Nov 24, 2021 Common Stock 7.82K $9.98 Direct F2
transaction ERII Stock Option (Right to Buy) Options Exercise -$93.1K -12.2K -65.25% $7.64 6.49K Nov 24, 2021 Common Stock 12.2K $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