4//SEC Filing
FORREST BROCK 4
Accession 0001213900-23-048310
CIK 0001845437other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 8:26 PM ET
Size
8.2 KB
Accession
0001213900-23-048310
Insider Transaction Report
Form 4
NET Power Inc.NPWR
FORREST BROCK
Chief Technology Officer
Transactions
- Award
Class B Common Stock
2023-06-08+596,917→ 596,917 total(indirect: By LLC) - Award
Class A Units of NET Power Operations LLC
2023-06-08+596,917→ 596,917 total(indirect: By LLC)→ Class A common stock (596,917 underlying)
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, Forrest Family Capital, LLC 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.
Documents
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
Related Parties
1- filerCIK 0001980281
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 8:26 PM ET
- Size
- 8.2 KB