Key facts
- This page summarizes Akash S. Patel's Form 4 filing for NET Power Inc. (NPWR).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 26 Nov 2024, 16:00.
Akash S. Patel - 22 Nov 2024 Form 4 Insider Report for NET Power Inc. (NPWR)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- NPWR
- Reported as of
- 22 Nov 2024
- Net transaction value
- -$1,897,170
- SEC form
- 4
- Accepted by SEC
- 26 Nov 2024, 16:00:51 UTC
- Prior SEC filing
- 04 Apr 2024
- Next SEC filing
- 04 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Akash Patel
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Akash S. Patel filed Form 4 for NET Power Inc. (NPWR) on 26 Nov 2024.
Change
- Previous filing in this sequence was filed on 04 Apr 2024.
- Current net transaction value: -$1,897,170.
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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NPWR
transaction
Class B Common Stock
Other
- Transaction value
- $0
- Shares
- -150,000
- Change %
- -19%
- Price
- $0.000000
- Shares after
- 640,448
- Date
- 22 Nov 2024
- Ownership
- Direct
- Footnotes
- F1
NPWR
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +150,000
- Change %
- Price
- $0.000000
- Shares after
- 150,000
- Date
- 22 Nov 2024
- Ownership
- Direct
- Footnotes
- F1
NPWR
transaction
Class A Common Stock
Sale
- Transaction value
- $1,897,170
- Shares
- -150,000
- Change %
- -100%
- Price
- $12.65
- Shares after
- 0
- Date
- 22 Nov 2024
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NPWR
transaction
Derivative
Class A Units of NET Power Operations LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- -150,000
- Change %
- -19%
- Price
- $0.000000
- Shares after
- 640,448
- Date
- 22 Nov 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 150,000
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 3 footnotes
Footnote F1
On November 22, 2024, 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 November 22, 2024, 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.
Footnote F2
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.35 to $13.41, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.