PATEL AKASH S. 4
4 · NET Power Inc. · Filed Nov 26, 2024
Insider Transaction Report
Form 4
NET Power Inc.NPWR
PATEL AKASH S.
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
2024-11-22+150,000→ 150,000 total - Sale
Class A Common Stock
2024-11-22$12.65/sh−150,000$1,897,170→ 0 total - Other
Class B Common Stock
2024-11-22−150,000→ 640,448 total - Conversion
Class A Units of NET Power Operations LLC
2024-11-22−150,000→ 640,448 total→ Class A Common Stock (150,000 underlying)
Footnotes (3)
- [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.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [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.