Horstman Marc 4
4 · NET Power Inc. · Filed Jun 4, 2025
Insider Transaction Report
Form 4
NET Power Inc.NPWR
Horstman Marc
Chief Operating Officer
Transactions
- Award
Stock Options
2025-06-02+240,000→ 240,000 totalExercise: $2.13Exp: 2030-06-02→ Class A Common Stock (240,000 underlying) - Award
Performance Stock Units
2025-06-02+74,766→ 74,766 total→ Class A Common Stock (74,766 underlying)
Footnotes (2)
- [F1]Stock options vest on June 2, 2026, subject to continued employment.
- [F2]The Reporting Person will receive a number of shares of Class A common stock equal to 50% of the number of PSUs upon attainment of a 10% compound annual growth rate ("CAGR") of the 30-day volume weighted average price ("VWAP") of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 100% of the number of PSUs upon attainment of a 12% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025. The Reporting Person will receive a number of shares of Class A common stock equal to 200% of the number of PSUs upon attainment of a 15% CAGR of the VWAP of a share of Class A common stock on April 2, 2028 as compared to the VWAP of a share of Class A common stock on April 2, 2025.