4//SEC Filing
Derham Kyle 4
Accession 0001213900-23-053630
CIK 0001845437other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 5:23 PM ET
Size
17.3 KB
Accession
0001213900-23-053630
Insider Transaction Report
Form 4
NET Power Inc.NPWR
Derham Kyle
DirectorPresident and CFO10% Owner
Transactions
- Other
Class B Common Stock
2023-06-30+1,390,348→ 1,390,348 total - Other
Class B Units of NET Power Operations LLC
2023-06-30+1,390,348→ 1,390,348 total→ Class A Common Stock (1,390,348 underlying) - Other
Warrants
2023-06-30+2,010,586→ 2,010,586 totalExercise: $11.50From: 2023-07-08Exp: 2028-06-08→ Class A Common Stock (2,010,586 underlying) - Other
Warrants
2023-06-30+414,049→ 2,424,635 total(indirect: By Trust)Exercise: $11.50From: 2023-07-08Exp: 2028-06-08→ Class A Common Stock (414,049 underlying) - Other
Class B Common Stock
2023-06-30+286,320→ 1,676,668 total(indirect: By Trust) - Other
Class B Units of NET Power Operations LLC
2023-06-30+286,320→ 1,676,668 total(indirect: By Trust)→ Class A Common Stock (286,320 underlying)
Footnotes (4)
- [F1]Received from Rice Acquisition Sponsor LLC ("Sponsor") pursuant to the pro rata distribution of all of the securities of the issuer held by Sponsor to its members.
- [F2]Prior to the distribution by Sponsor referred to in footnote 1, the reporting person was a managing member of Sponsor, and as such, the reporting person may have been deemed to have beneficial ownership of the securities held of record by Sponsor and the reporting person's prior Form 4s included transactions and direct holdings of Sponsor.
- [F3]The Derham Children's Trust of 2020 (the "Trust") is the record holder of the securities reported herein and the reporting person is the trustee of 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.
- [F4]The Class B Units of Opco are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability agreement of Opco. The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.
Documents
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
Related Parties
1- filerCIK 0001786795
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 5:23 PM ET
- Size
- 17.3 KB