Hanstveit Arve 4

What Happened
Arve Hanstveit, a director of Energy Recovery, Inc. (ERII), sold 25,000 shares in an open-market transaction on March 10, 2026. The filing reports a weighted-average sale price of $10.96 per share, for total proceeds of approximately $273,975. This was a disposition (sale), which is commonly routine insider selling rather than a purchase signal.

Key Details

• Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-11). Filing appears timely (next business day).
• Shares sold: 25,000; weighted-average price: $10.96; total proceeds: ~$273,975.
• Price range: individual trades ranged from $10.83 to $11.11 per share (footnote F1). The reporting person will provide a per-trade breakdown upon request.
• Ownership after transaction: not specified in the provided filing.
• Capacity: footnote F2 states Mr. Hanstveit is sole trustee and exercises sole voting and investment power over the reported shares.
• Remarks: Exhibit 24 referenced in the filing. No 10b5-1 plan, gift, or option exercise was indicated.

Context
This report documents a straight sale of common stock. Sales by directors can be routine portfolio-management actions (or for other personal reasons); filings alone do not reveal motive. The weighted-average price reflects multiple trades; investors seeking granular trade-by-trade prices can request that breakdown per the footnote.