James Mahon - 29 Aug 2023 Form 4 Insider Report for NET Power Inc. (NPWR)

Role
General Counsel and Secretary
Signature
/s/ James Mahon
Issuer symbol
NPWR
Transactions as of
29 Aug 2023
Net transactions value
$0
Form type
4
Filing time
31 Aug 2023, 16:31:24 UTC
Previous filing
12 Jun 2023
Next filing
08 Sep 2023
SEC
View on sec.gov

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 +100,000 $0.000000 100,000 29 Aug 2023 Direct
transaction NPWR Class B Common Stock Other $0 -100,000 -14% $0.000000 593,028 29 Aug 2023 Direct

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 -100,000 -14% $0.000000 593,028 29 Aug 2023 Class A Common Stock 100,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 29, 2023, 100,000 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 28, 2023, and upon such redemption, 100,000 shares of the issuer's Class B Common Stock held by the reporting person were surrendered to the issuer and canceled.