Key facts
- This page summarizes Akash S. Patel's Form 4 filing for NET Power Inc. (NPWR).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Apr 2025, 21:57.
Akash S. Patel - 02 Apr 2025 Form 4 Insider Report for NET Power Inc. (NPWR)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- NPWR
- Reported as of
- 02 Apr 2025
- Net transaction value
- -$16,871
- SEC form
- 4
- Accepted by SEC
- 04 Apr 2025, 21:57:51 UTC
- Prior SEC filing
- 26 Nov 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ James Mahon, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Akash S. Patel filed Form 4 for NET Power Inc. (NPWR) on 04 Apr 2025.
Change
- Previous filing in this sequence was filed on 26 Nov 2024.
- Current net transaction value: -$16,871.
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
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +117,757
- Change %
- +35%
- Price
- $0.000000
- Shares after
- 457,790
- Date
- 02 Apr 2025
- Ownership
- Direct
- Footnotes
- F1
NPWR
transaction
Class A Common Stock
Sale
- Transaction value
- $16,871
- Shares
- -7,359
- Change %
- -100%
- Price
- $2.29
- Shares after
- 0
- Date
- 03 Apr 2025
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NPWR
transaction
Derivative
Performance Stock Units
Award
- Transaction value
- $0
- Shares
- +117,757
- Change %
- +352%
- Price
- $0.000000
- Shares after
- 151,208
- Date
- 02 Apr 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 117,757
- Exercise price
- Footnotes
- 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
Restricted stock units that vest in three equal installments on each anniversary of April 2, 2025, subject to continued employment.
Footnote F2
The Reporting Person was issued 7,359 net shares of Class A Common Stock upon the vesting of 11,151 restricted stock units on April 2, 2025. The sale of such shares was 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 $2.25 to $2.39, 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.
Footnote F4
The Reporting Person will receive a number of shares of Class A common stock equal to 50% of the number of PSUs upon attainment of a 10% compound annual growth rate ("CAGR") of the 30-day volume weighted average price ("VWAP") of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 100% of the number of PSUs upon attainment of a 12% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 200% of the number of PSUs upon attainment of a 15% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025.