[Form 4] Energy Recovery, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Graphjet Technology (Nasdaq: GTI) filed an 8-K to disclose that its Extraordinary General Meeting (EGM), originally set for 30 Jul 2025, has been adjourned before convening and will reconvene on 1 Aug 2025 at 9:00 a.m. ET.

The company says the sole purpose of the two-day delay is to give shareholders extra time to vote on the proposals outlined in the definitive proxy filed 11 Jul 2025. No changes were made to the record date (3 Jul 2025), agenda items or proxy materials. Previously submitted proxies remain valid unless shareholders choose to revise them.

The filing contains no financial results or transactional details. However, brief forward-looking statements highlight risks around capital needs, commercialization progress, Nasdaq listing compliance and market conditions.

Materiality: The adjournment is a procedural move; it may indicate insufficient votes so far, but it does not alter the company’s operations, capital structure or guidance.

Positive

• Extended voting window may increase shareholder participation and support for proposals, reducing the risk of failed resolutions.

Negative

• Adjournment implies current vote levels may be insufficient, hinting at potential shareholder resistance or low engagement.
• Repeated delays, if they occur, could raise governance and execution concerns that weigh on investor sentiment.

Insights

Corporate Governance Analyst

TL;DR: Two-day EGM delay signals possible vote shortfall but limited immediate financial impact.

Adjournments are common when management senses that quorum or proposal approval thresholds may not be met. Maintaining the same record date and proxy materials suggests the company expects additional solicitations, not substantive revisions. Investors should monitor whether key proposals—often related to share authorization, director elections or incentive plans—pass on 1 Aug. Repeated delays could flag governance weakness or shareholder dissent, potentially affecting future capital-raising or strategic actions. For now, the impact on valuation is modest and largely tied to the significance of the underlying proposals, which remain undisclosed in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Yeung William

(Last) (First) (Middle)

C/O ENERGY RECOVERY, INC.

1717 DOOLITTLE DRIVE

(Street)

SAN LEANDRO CA 94577

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Energy Recovery, Inc. [ ERII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/25/2025		F		1,989(1)	D	$13.88	100,046	D
Common Stock								5,568	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).

Remarks:

	/s/ William Yeung	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Graphjet Technology adjourn its July 30, 2025 EGM?

To allow additional time for shareholders to vote on all proposals detailed in the July 11, 2025 definitive proxy.

When will the reconvened GTI EGM take place?

The meeting is rescheduled for August 1, 2025 at 9:00 a.m. ET via live webcast.

Do shareholders need to resubmit their proxies to Graphjet Technology?

No. Previously submitted proxies remain valid unless shareholders wish to change their vote.

Did Graphjet Technology change any proposals or the record date?

No. The record date stays July 3, 2025 and all proposals/materials are unchanged.

Does the adjournment affect GTI's financial outlook?

The 8-K contains no financial updates; the delay is procedural and does not alter guidance or operations.