CONSTELLATION ENERGY GENERATION LLC - 08 Jun 2023 Form 3 Insider Report for NET Power Inc. (NPWR)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
3
Accepted by SEC
20 Jun 2023, 16:48:36 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian Buck, Assistant Secretary of Constellation Energy Corporation

Key filing fact

CONSTELLATION ENERGY GENERATION LLC filed Form 3 for NET Power Inc. (NPWR) on 20 Jun 2023.

Key facts

  • This page summarizes CONSTELLATION ENERGY GENERATION LLC's Form 3 filing for NET Power Inc. (NPWR).
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 20 Jun 2023, 16:48.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • 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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NPWR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
500,000
Date
08 Jun 2023
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NPWR holding Derivative

Class B Common Stock (together with Opco Units)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
08 Jun 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
36,030,716
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Constellation Energy Corporation ("Constellation") may be deemed to indirectly beneficially own the securities held directly by Constellation Energy Generation, LLC ("CEG") and reported herein because CEG is a wholly-owned subsidiary of Constellation, a publicly traded company listed on The Nasdaq Stock Market LLC. Constellation disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of those securities in this report shall not be deemed an admission of beneficial ownership thereby of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

Footnote F2

Each Class A Unit of Net Power Operations LLC (f/k/a Rice Acquisition Holdings II LLC) (collectively, the "Opco Units"), a wholly-owned subsidiary of NET Power Inc. (the "Issuer"), held by CEG is redeemable at CEG's request in exchange for one share of Class A common stock of the Issuer or, at the Issuer's election, cash. Upon CEG's redemption of any Opco Units, an equal number of shares of Class B common stock of the Issuer ("Class B Common Stock") held by CEG will be canceled. The shares of Class B Common Stock carry no separate economic rights but vote together with the Opco Units.

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