Moon David W 4

What Happened

• David W. Moon, President, CEO and Director of Energy Recovery, had 17,160 shares withheld to satisfy tax obligations related to the vesting of securities. The withholding was recorded as a disposition at $14.30 per share for a total value of $245,388. This was a tax-withholding (code F) transaction tied to vesting, not an open-market sale.

Key Details

• Transaction date: 2026-01-30
• Filing date: 2026-02-03 (filed within the required two business days)
• Shares withheld/disposed: 17,160
• Price per share: $14.30
• Total value: $245,388
• Transaction code/footnote: F — payment of tax obligation by withholding securities incident to vesting (Rule 16b-3(e))
• Shares owned after the transaction: not disclosed in the provided filing

Context

• This was a routine tax-withholding/cashless disposition when restricted/vested shares were used to cover taxes. Such withholdings are common and do not necessarily signal that the insider is selling additional shares into the market.