Energy Recovery (ERII) Chief Legal Officer William Yeung Sells Shares

What Happened
William Yeung, Chief Legal Officer of Energy Recovery (ERII), disposed of a total of 4,876 shares in two transactions: 2,828 shares were withheld to satisfy tax obligations at $8.42 each (proceeds equivalent: $23,812) on July 27, 2026, and 2,048 shares were sold in the open market at $8.56 each (proceeds: $17,531) on July 28, 2026. Both transactions are sales (routine dispositions) rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-27: 2,828 shares withheld for taxes at $8.42 — $23,812 (code F)
  • 2026-07-28: 2,048 shares sold in open market at $8.56 — $17,531 (code S)
• Total shares sold/disposed: 4,876; total proceeds about $41,343.
• Shares owned after transaction: Not specified in the excerpt; see the filed Form 4 for post-transaction beneficial ownership.
• Footnotes:
  • F1: The July 27 disposition was a tax-withholding of shares incident to vesting under Rule 16b-3(e).
  • F2: The reported transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person.
• Timeliness: Filing dated July 29, 2026 for transactions on July 27–28 — appears to be timely (Form 4 is generally due within two business days).

Context
The July 27 withholding was a tax-related disposition (common when options or awards vest) rather than an active market sale; the July 28 transaction was an open-market sale executed under a 10b5-1 plan. These are disposals and do not indicate a buy-side signal. For full ownership details or additional context, refer to the complete Form 4 filing.