ALLEN BRIAN F. 4
4 · NET Power Inc. · Filed Jun 12, 2023
Insider Transaction Report
Form 4
NET Power Inc.NPWR
ALLEN BRIAN F.
COO and President
Transactions
- Award
Class A Units of NET Power Operations LLC
2023-06-08+568,090→ 568,090 total→ Class A common stock (568,090 underlying) - Award
Class B Common Stock
2023-06-08+568,090→ 568,090 total
Footnotes (2)
- [F1]On June 8, 2023, as a result of the consummation of the transactions (the "Business Combination") contemplated by that certain Business Combination Agreement, dated December 13, 2022 and subsequently amended on April 23, 2023, by and among the issuer, NET Power Operations LLC (f/k/a Rice Acquisition Holdings II LLC) ("Opco"), Topo Buyer Co, LLC, Topo Merger Sub, LLC and NET Power, LLC ("Old NET Power"), in exchange for the equity interests of Old NET Power, which were cancelled, Mr. Allen received Class A units of Opco (the "Opco Units") and a corresponding number of shares of the issuer's Class B common stock (which together are exchangeable into shares of the issuer's Class A Common Stock on a one-for-one basis).
- [F2]The Opco Units (together with the corresponding shares of the issuer's Class B common stock) are exchangeable into cash or shares of the issuer's Class A common stock, at the issuer's election, on a one-for-one basis and have no expiration date.