Farshad Ghasripoor - 28 Jan 2022 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role: Chief Technology Officer
Signature: /s/ William Yeung, Attorney-in-Fact for Farshad Ghasripoor
Issuer symbol: ERII
Transactions as of: 28 Jan 2022
Net transactions value: +$417,457
Form type: 4
Filing time: 01 Feb 2022, 16:18:38 UTC
Next filing: 03 Feb 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	Award	$0	+8,557	+15%	$0.000000	66,757	28 Jan 2022	Direct	F1
holding	ERII	Common Stock						5,230	28 Jan 2022	JT with Spouse

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	Employee Stock Option (Right to Buy)	Award	$417,457	+21,983		$18.99	21,983	28 Jan 2022	Common Stock	21,983	$18.99	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This employee restricted stock unit was granted on the transaction date. 25% of the restricted stock unit will vests on the first four anniversaries of the grant date.
F2	This employee stock option was granted on the transaction date. 25% of the options will vest on the 1st anniversary of the grant date; thereafter, the remaining 75% vest 1/36th per month.