NPEH, LLC - 12 Sep 2024 Form 4 Insider Report for NET Power Inc. (NPWR)

Role: 10%+ Owner
Signature: /s/ Asheley Kinsey, Chief Financial Officer of 8 Rivers Capital, LLC, its Manager
Issuer symbol: NPWR
Transactions as of: 12 Sep 2024
Transactions value $: $-285,667
Form type: 4
Filing time: 16 Sep 2024, 21:58:17 UTC
Previous filing: 11 Sep 2024
Next filing: 19 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NPWR	Class A Common Stock	Sale	$-16,815	-2,315	-2.15%	$7.26	105,537	12 Sep 2024	Direct	F1
transaction	NPWR	Class A Common Stock	Sale	$-9,728	-1,340	-1.27%	$7.26	104,197	13 Sep 2024	Direct	F2
transaction	NPWR	Class A Common Stock	Sale	$-259,124	-36,752	-35.3%	$7.05	67,445	16 Sep 2024	Direct	F3
transaction	NPWR	Class A Common Stock	Conversion of derivative security		+500,000	+741%		567,445	16 Sep 2024	Direct	F4
transaction	NPWR	Class B Common Stock	Other		-500,000	-1.69%		29,005,300	16 Sep 2024	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NPWR	Class A Units of Net Power Operations LLC	Conversion of derivative security	$0	-500,000	-1.69%	$0.000000	29,005,300	16 Sep 2024	Class A Common Stock	500,000		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $7.25 to $7.29. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F2	The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $7.25 to $7.30. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3	The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $7.00 to $7.11. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	The Class A Units of NET Power Operations LLC are exchangeable into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date. On September 16, 2024, the Reporting Person exchanged 500,000 Class A Units of NET Power Operations LLC for 500,000 shares of the Issuer's Class A Common Stock.
F5	For each Class A Unit of Net Power Operations LLC, the Reporting Person owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 500,000 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value, were cancelled.