Arve Hanstveit - 08 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
08 Jun 2023
Net transactions value
+$99,981
Form type
4
Filing time
12 Jun 2023, 16:38:58 UTC
Previous filing
05 Jun 2023
Next filing
23 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Award $99,981 +3,703 +0.43% $27.00 872,055 08 Jun 2023 Direct F1, F2
holding ERII Common Stock 120,000 08 Jun 2023 Children F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock.
F2 The stock options will fully vest and become exercisable on the 2024 Annual Meeting date, anticipated to be on or about June 6, 2024.
F3 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.

Remarks:

Exhibit 24