Farshad Ghasripoor - Aug 29, 2023 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
Chief Technology Officer
Signature
/s/ William Yeung, Attorney-in-Fact for Farshad Ghasripoor
Stock symbol
ERII
Transactions as of
Aug 29, 2023
Transactions value $
-$1,427,424
Form type
4
Date filed
8/31/2023, 06:01 PM
Previous filing
Jul 27, 2023
Next filing
Oct 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Options Exercise $115K +15.3K +18.74% $7.50 97.1K Aug 29, 2023 Direct
transaction ERII Common Stock Options Exercise $272K +35.8K +36.85% $7.60 133K Aug 29, 2023 Direct
transaction ERII Common Stock Sale -$1.43M -51.1K -38.46% $27.92 81.8K Aug 29, 2023 Direct F1
holding ERII Common Stock 5.23K Aug 29, 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 -$115K -15.3K -100% $7.50 0 Aug 29, 2023 Common Stock 15.3K $7.50 Direct F2
transaction ERII Employee Stock Option (Right to Buy) Options Exercise -$272K -35.8K -100% $7.60 0 Aug 29, 2023 Common Stock 35.8K $7.60 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 $27.870 to $28.020 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 This employee stock option was granted on February 1, 2018.
F3 This employee stock option was granted on January 31, 2019.

Remarks:

Exhibit 24