Key facts
- This page summarizes Kyle Derham's Form 4 filing for NET Power Inc. (NPWR).
- 4 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 18 Aug 2023, 16:30.
Kyle Derham - 16 Aug 2023 Form 4 Insider Report for NET Power Inc. (NPWR)
- Reporting relationship
- Director
- Issuer ticker
- NPWR
- Reported as of
- 16 Aug 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 18 Aug 2023, 16:30:28 UTC
- Prior SEC filing
- 30 Jun 2023
- Next SEC filing
- 10 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kyle Derham
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Kyle Derham filed Form 4 for NET Power Inc. (NPWR) on 18 Aug 2023.
Change
- Previous filing in this sequence was filed on 30 Jun 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NPWR
transaction
Derivative
Class B Units of NET Power Operations LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,390,348
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Aug 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,390,348
- Exercise price
- Footnotes
- F1, F2
NPWR
transaction
Derivative
Class A Units of NET Power Operations LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- +1,390,348
- Change %
- Price
- $0.000000
- Shares after
- 1,390,348
- Date
- 16 Aug 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,390,348
- Exercise price
- Footnotes
- F2, F3
NPWR
transaction
Derivative
Class B Units of NET Power Operations LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- -286,320
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Aug 2023
- Ownership
- The Derham Children's Trust of 2020
- Underlying class
- Class A Common Stock
- Underlying amount
- 286,320
- Exercise price
- Footnotes
- F1, F2, F4
NPWR
transaction
Derivative
Class A Units of NET Power Operations LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- +286,320
- Change %
- Price
- $0.000000
- Shares after
- 286,320
- Date
- 16 Aug 2023
- Ownership
- The Derham Children's Trust of 2020
- Underlying class
- Class A Common Stock
- Underlying amount
- 286,320
- Exercise price
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
The Class B Units of NET Power Operations LLC ("Opco") are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability company agreement of Opco (the "Opco LLCA"). The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into cash or shares of the issuer's Class A common stock on a one-for-one basis, at the issuer's election, and have no expiration date.
Footnote F2
On August 16, 2023, pursuant to the Opco LLCA, all Class B Units of Opco converted into Class A Units of Opco on a one-for-one basis due to the exercise on such date by a member of Opco of its Class B Conversion Right (as defined in the Opco LLCA).
Footnote F3
The Opco Class A Units (together with the corresponding shares of the issuer's Class B common stock) are exchangeable into cash or shares of the issuer's Class A common stock on a one-for-one basis, at the issuer's election, and have no expiration date.
Footnote F4
The reporting person is the trustee of The Derham Children's Trust of 2020 (the "Trust"). By virtue of the relationship, the reporting person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.