4//SEC Filing
Rice Acquisition Sponsor II LLC 4
Accession 0001213900-23-053627
CIK 0001845437other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 5:22 PM ET
Size
14.2 KB
Accession
0001213900-23-053627
Insider Transaction Report
Form 4
NET Power Inc.NPWR
Rice Acquisition Sponsor II LLC
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 totalExercise: $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
Issuer
NET Power Inc.
CIK 0001845437
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001845421
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 5:22 PM ET
- Size
- 14.2 KB