| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ERII | Common Stock | Sale | $392,360 | -19,618 | -15% | $20.00 | 114,205 | 07 Nov 2024 | Direct | F1, F2 |
| transaction | ERII | Common Stock | Sale | $73,176 | -3,631 | -3.2% | $20.15 | 110,574 | 08 Nov 2024 | Direct | F1, F3 |
| transaction | ERII | Common Stock | Sale | $84,392 | -4,207 | -3.8% | $20.06 | 106,367 | 11 Nov 2024 | Direct | F1, F4 |
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).
| 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. |
Exhibit 24