Net Power (NPWR) Director Joseph Kelliher Receives 71,770 RSUs

What Happened

• Joseph T. Kelliher, a Net Power (NPWR) director, received an award of 71,770 restricted stock units (RSUs) on June 3, 2026. The grant is recorded at $0.00 per unit (RSUs are awards, not purchases, so no cash exchanged at grant).

Key Details

• Transaction date: 2026-06-03; reported as an Award/Grant (code A) at $0.00 per RSU.
• Grant terms: Each RSU represents the right to one share of Class A common stock. RSUs vest on the earlier of the day before the 2027 annual meeting and June 3, 2027, subject to continued service.
• Settlement: Distribution of shares is deferred under Kelliher’s standing deferral election.
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: This Form 4 was filed late due to administrative oversight (timeliness flag: L).

Context

• This award was an automatic annual grant under Net Power’s Non-Employee Director Compensation Policy for eligible non-employee directors. RSU grants are routine director compensation and do not indicate a market purchase or sale.