Rice Acquisition Sponsor II LLC 4

4 · NET Power Inc. · Filed Jun 30, 2023

Form 4

Period: 2023-06-30

10% Owner

Transactions

Other
Class A Common Stock
2023-06-30−2,500→ 0 total
Other
Class B Common Stock
2023-06-30−7,535,000→ 0 total
Other
Class A Units of NET Power Operations LLC
2023-06-30−100→ 0 total
→ Class A Common Stock (100 underlying)
Other
Class B Units of NET Power Operations LLC
2023-06-30−7,534,900→ 0 total
→ Class A Common Stock (7,534,900 underlying)
Other
Warrants
2023-06-30−10,900,000→ 0 total
Exercise: $11.50From: 2023-07-08Exp: 2028-06-08→ Class A Common Stock (10,900,000 underlying)

Footnotes (3)

[F1]Represents the pro rata distribution of the securities of the issuer held by the reporting person to all of its members. Prior to such distribution, and as of the date hereof, no such securities have been disposed of for cash by either the reporting person or its members.
[F2]The Class A Units of NET Power Operations LLC ("Opco") (together with the corresponding shares of the issuer's Class B common stock) are exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.
[F3]The Class B Units of Opco are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability agreement of Opco. The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.

Documents

1 file