Rodney Clemente - Nov 7, 2024 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
SVP, Water
Signature
/s/ William Yeung, Attorney-in-Fact for Rodney Clemente
Stock symbol
ERII
Transactions as of
Nov 7, 2024
Transactions value $
-$549,928
Form type
4
Date filed
11/12/2024, 05:53 PM
Previous filing
Oct 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Sale -$392K -19.6K -14.66% $20.00 114K Nov 7, 2024 Direct F1, F2
transaction ERII Common Stock Sale -$73.2K -3.63K -3.18% $20.15 111K Nov 8, 2024 Direct F1, F3
transaction ERII Common Stock Sale -$84.4K -4.21K -3.8% $20.06 106K Nov 11, 2024 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 27, 2023.
F2 This figure is the weighted average sales price of multiple trades ranging from $20.00 to $20.005 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.
F3 This figure is the weighted average sales price of multiple trades ranging from $20.00 to $20.24 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.
F4 This figure is the weighted average sales price of multiple trades ranging from $20.00 to $20.22 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.

Remarks:

Exhibit 24