Arve Hanstveit - 01 Jun 2023 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Director
Signature
/s/ William Yeung Attorney-in-fact for Arve Hanstveit
Issuer symbol
ERII
Transactions as of
01 Jun 2023
Net transactions value
-$363,697
Form type
4
Filing time
05 Jun 2023, 18:21:30 UTC
Previous filing
05 Apr 2023
Next filing
12 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $131,812 +15,327 +1.8% $8.60 883,679 01 Jun 2023 Direct
transaction ERII Common Stock Sale $363,697 -15,327 -1.7% $23.73 868,352 01 Jun 2023 Direct F1
holding ERII Common Stock 120,000 01 Jun 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 $131,812 -15,327 -100% $8.60 0 01 Jun 2023 Common Stock 15,327 $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.