Joshua Ballard - Feb 1, 2023 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Chief Financial Officer
Signature
/s/ William Yeung, Attorney-in-fact for Joshua Ballard
Stock symbol
ERII
Transactions as of
Feb 1, 2023
Transactions value $
-$376,475
Form type
4
Date filed
2/3/2023, 03:19 PM
Previous filing
Feb 1, 2023
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $114K +15K +48.62% $7.60 45.9K Feb 1, 2023 Direct F1
transaction ERII Common Stock Sale -$328K -15K -32.72% $21.88 30.9K Feb 1, 2023 Direct F1, F2
transaction ERII Common Stock Sale -$48.3K -2.14K -6.93% $22.57 28.7K Feb 2, 2023 Direct F3, F4
holding ERII Common Stock 700 Feb 1, 2023 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) Options Exercise -$114K -15K -41.97% $7.60 20.7K Feb 1, 2023 Common Stock 15K $7.60 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This figure is the weighted average sales price of multiple trades ranging from $21.40 to $22.50 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.
F3 Payment of tax obligation by selling securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F4 Represents the weighted average stock price of the shares sold to cover tax obligation for restricted stock unit award vesting. The weighted average sales price includes multiple trades ranging from $22.38 to $22.77 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.
F5 This employee stock option was granted on January 31, 2019 and the shares exercised was fully vested by the transaction date.

Remarks:

Exhibit 24