4//SEC Filing
SK INC. 4
Accession 0001104659-25-072811
CIK 0001845437other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 7:06 PM ET
Size
8.6 KB
Accession
0001104659-25-072811
Insider Transaction Report
Form 4
NET Power Inc.NPWR
SK INC.
10% Owner
Transactions
- Other
Class B Common Stock
2025-07-30−26,729,880→ 0 total(indirect: See Footnotes) - Other
Class A Units of NET Power Operations LLC
2025-07-30−26,729,880→ 0 total(indirect: See Footnotes)→ Class A Common Stock (26,729,880 underlying)
Footnotes (2)
- [F1]The securities reported in this Form 4 are directly held by NPEH, LLC ("NPEH"), a limited liability company of which the Reporting Person was the indirect majority owner. On July 30, 2025, the Reporting Person sold 100% of the equity interests of each of Tillandsia, Inc. ("Tillandsia"), Areca, Inc. ("Areca") and Chamaedorea, Inc. ("Chamaedoria"). Tillandsia, Areca and Chamaedorea own approximately 18.6%, 25.77% and 24.11%, respectively, of the voting units of 8 Rivers Capital, LLC ("8 Rivers"). 8 Rivers is the manager and owns approximately 91.4% of NPEH.
- [F2]For each Class A Unit of Net Power Operations LLC, NPEH owns one corresponding share of Class B Common Stock of the Issuer. The Class A Units of NET Power Operations LLC are exchangeable (together with the cancellation of a corresponding number of shares of the Issuer's Class B Common Stock) into shares of the Issuer's Class A Common Stock on a one-for-one basis or, at the Issuer's election, cash, and have no expiration date.
Documents
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
IncorporatedKorea, Republic of
Related Parties
1- filerCIK 0001947998
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 7:06 PM ET
- Size
- 8.6 KB