4//SEC Filing
PATEL AKASH S. 4
Accession 0001845437-25-000016
CIK 0001845437other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 9:57 PM ET
Size
9.9 KB
Accession
0001845437-25-000016
Insider Transaction Report
Form 4
NET Power Inc.NPWR
PATEL AKASH S.
Chief Financial Officer
Transactions
- Award
Performance Stock Units
2025-04-02+117,757→ 151,208 total→ Class A Common Stock (117,757 underlying) - Award
Restricted Stock Units
2025-04-02+117,757→ 457,790 total - Sale
Class A Common Stock
2025-04-03$2.29/sh−7,359$16,871→ 0 total
Footnotes (4)
- [F1]Restricted stock units that vest in three equal installments on each anniversary of April 2, 2025, subject to continued employment.
- [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.
- [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.
- [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.
Documents
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
Related Parties
1- filerCIK 0001979780
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 9:57 PM ET
- Size
- 9.9 KB