David W. Moon - 25 Jan 2024 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
President and CEO, Director
Signature
/s/ William Yeung, Attorney-in-Fact for David W. Moon
Issuer symbol
ERII
Transactions as of
25 Jan 2024
Net transactions value
+$3,147,726
Form type
4
Filing time
29 Jan 2024, 17:47:24 UTC
Previous filing
13 Nov 2023
Next filing
29 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Award $0 +80,445 +436% $0.000000 98,910 25 Jan 2024 Direct F1, 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 Employee Stock Option (Right to Buy) Award $3,147,726 +194,785 $16.16 194,785 25 Jan 2024 Stock Option (Right to Buy) 194,785 $16.16 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These employee restricted stock units were granted on the transaction date. 25% of the restricted stock units will vest on the first four anniversaries of the grant date.
F2 Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock.
F3 This employee stock option was granted on the transaction date. 25% of the options will vest on the 1st anniversary of the grant date; thereafter, the remaining 75% vest 1/36th per month.
F4 This employee stock option expires 10-years from grant date.

Remarks:

Exhibit 24