Arve Hanstveit - Jun 1, 2023 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
Jun 1, 2023
Transactions value $
-$363,697
Form type
4
Date filed
6/5/2023, 06:21 PM
Previous filing
Apr 5, 2023
Next filing
Jun 12, 2023
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 $132K +15.3K +1.77% $8.60 884K Jun 1, 2023 Direct
transaction ERII Common Stock Sale -$364K -15.3K -1.73% $23.73 868K Jun 1, 2023 Direct F1
holding ERII Common Stock 120K Jun 1, 2023 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 -$132K -15.3K -100% $8.60 0 Jun 1, 2023 Common Stock 15.3K $8.60 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 $23.86 to $23.97 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.