4//SEC Filing
BEAUCHAMP DAMIAN R. 4
Accession 0001104659-25-100173
CIK 0001845437other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 9:01 PM ET
Size
20.2 KB
Accession
0001104659-25-100173
Insider Transaction Report
Form 4
NET Power Inc.NPWR
BEAUCHAMP DAMIAN R.
10% Owner
Transactions
- Sale
Class A Common Stock
2025-10-15$4.83/sh−100,000$483,210→ 3,900,000 total(indirect: By LLC) - Other
Class B Common Stock
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-15$4.88/sh−122,641$598,316→ 3,777,359 total(indirect: By LLC) - Conversion
Class A Common Stock
2025-10-14+4,000,000→ 4,000,000 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-16$4.71/sh−13,959$65,692→ 3,763,400 total(indirect: By LLC) - Conversion
Class A Units of NET Power Operations LLC
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC)→ Class A Common Stock (4,000,000 underlying)
8 Rivers Capital, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC) - Conversion
Class A Common Stock
2025-10-14+4,000,000→ 4,000,000 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-16$4.71/sh−13,959$65,692→ 3,763,400 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-15$4.83/sh−100,000$483,210→ 3,900,000 total(indirect: By LLC) - Conversion
Class A Units of NET Power Operations LLC
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC)→ Class A Common Stock (4,000,000 underlying) - Sale
Class A Common Stock
2025-10-15$4.88/sh−122,641$598,316→ 3,777,359 total(indirect: By LLC)
Beauchamp Cynda
10% Owner
Transactions
- Conversion
Class A Common Stock
2025-10-14+4,000,000→ 4,000,000 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-15$4.88/sh−122,641$598,316→ 3,777,359 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-15$4.83/sh−100,000$483,210→ 3,900,000 total(indirect: By LLC) - Sale
Class A Common Stock
2025-10-16$4.71/sh−13,959$65,692→ 3,763,400 total(indirect: By LLC) - Conversion
Class A Units of NET Power Operations LLC
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC)→ Class A Common Stock (4,000,000 underlying) - Other
Class B Common Stock
2025-10-14−4,000,000→ 22,729,880 total(indirect: By LLC)
Footnotes (7)
- [F1]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 October 14, 2025, NPEH, LLC ("NPEH") exchanged 4,000,000 Class A Units of NET Power Operations LLC for 4,000,000 shares of the Issuer's Class A Common Stock.
- [F2]For each Class A Unit of Net Power Operations LLC, NPEH owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 4,000,000 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by NPEH, which have no economic value, were cancelled.
- [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 $4.67 to $4.93. NPEH 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 price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $4.85 to $4.925. NPEH 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.
- [F5]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 $4.50 to $4.83. NPEH 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.
- [F6]As manager and holder of approximately 91.4% of the outstanding equity in NPEH, 8 Rivers Capital, LLC ("8 Rivers") may be deemed to be a beneficial owner of the securities directly owned by NPEH. 8 Rivers disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that 8 Rivers is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- [F7]Damian Beauchamp ("Mr. Beauchamp") and Cynda Beauchamp ("Mrs. Beauchamp") are married and each independently indirectly owns approximately 34.2% of 8 Rivers. Accordingly, each may be deemed the indirect beneficial owner of the securities owned by NPEH to the extent of his or her pecuniary interest therein. Mr. and Mrs. Beauchamp disclaim beneficial ownership of these securities except to the extent of his or her pecuniary interest therein.
Documents
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
Related Parties
1- filerCIK 0001973442
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 9:01 PM ET
- Size
- 20.2 KB