Arve Hanstveit - Nov 16, 2022 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Director
Signature
/s/ William Yeung, Attorney-in-Fact for Arve Hanstveit
Stock symbol
ERII
Transactions as of
Nov 16, 2022
Transactions value $
-$360,808
Form type
4
Date filed
11/18/2022, 03:14 PM
Previous filing
Jun 13, 2022
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $93.6K +17.2K +1.95% $5.43* 902K Nov 16, 2022 Direct
transaction ERII Common Stock Sale -$361K -17.2K -1.91% $20.93 884K Nov 16, 2022 Direct F1
holding ERII Common Stock 120K Nov 16, 2022 Children F2

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 -$93.6K -17.2K -100% $5.43* 0 Nov 16, 2022 Common Stock 17.2K $5.43 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 $20.80 to $21.06 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 The Issuer's common shares reported on this Form 4 as beneficially owned by Mr. Hanstveit include 120,000 common shares that were previously transferred to two trusts for the benefit of his children. Mr. Hanstveit serves as co-trustee of each of these trusts.
F3 The shares are fully vested and exercisable.

Remarks:

Exhibit 24