Brandon Heffinger - Aug 28, 2023 Form 4 Insider Report for NET Power Inc. (NPWR)

Role: Chief Commercial Officer
Signature: /s/ James Mahon, Attorney-in-Fact
Stock symbol: NPWR
Transactions as of: Aug 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/30/2023, 04:03 PM
Previous filing: Aug 23, 2023
Next filing: Sep 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NPWR	Class A Common Stock	Conversion of derivative security	$0	+150K		$0.00	150K	Aug 28, 2023	Direct	F1
transaction	NPWR	Class B Common Stock	Other	$0	-150K	-41.15%	$0.00	215K	Aug 28, 2023	Direct	F1

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	NPWR	Class A Units of NET Power Operations LLC	Conversion of derivative security	$0	-150K	-41.15%	$0.00	215K	Aug 28, 2023	Class A Common Stock	150K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 28, 2023, 150,000 Class A Units of NET Power Operations LLC (a subsidiary of the issuer) held by the reporting person were redeemed in exchange for an equal number of shares of the issuer's Class A Common Stock pursuant to a redemption notice from the reporting person dated August 23, 2023, and upon such redemption, 150,000 shares of the issuer's Class B Common Stock held by the reporting person were surrendered to the issuer and canceled.

Content

On August 28, 2023, 150,000 Class A Units of NET Power Operations LLC (a subsidiary of the issuer) held by the reporting person were redeemed in exchange for an equal number of shares of the issuer's Class A Common Stock pursuant to a redemption notice from the reporting person dated August 23, 2023, and upon such redemption, 150,000 shares of the issuer's Class B Common Stock held by the reporting person were surrendered to the issuer and canceled.