Energy Recovery director sells shares on margin call
Energy Recovery, Inc. director Arve Hanstveit sold 2,419 shares of common stock at $10.29 per share in an open-market transaction on April 6, 2026.
Rhea-AI Filing Summary
Energy Recovery, Inc. director Arve Hanstveit sold 2,419 shares of common stock at $10.29 per share in an open-market transaction on April 6, 2026. The sale was executed by a broker to satisfy a margin call after these shares had been pledged as collateral. Following the sale, Hanstveit directly holds 382,509 shares. He also has indirect ownership of 60,000 shares in the Sophie Hanstveit Irrevocable Trust and 60,000 shares in the Natasha Hanstveit Irrevocable Trust, where he serves as sole trustee with sole voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,419 shares
Net Sell
3 txns
Insider
Hanstveit Arve
Role
Director
Sold
2,419 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,419 | $10.29 | $25K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 382,509 shares (Direct);
Common Stock — 60,000 shares (Indirect, Sophie Hanstveit Irrevocable Trust);
Common Stock — 60,000 shares (Indirect, Natasha Hanstveit Irrevocable Trust)
Footnotes (2)
- F1. The sales reported in this Form 4 were made by a broker, without instruction by the reporting person, to satisfy a margin call by the broker, to whom these shares were pledged as collateral for a margin account.
- F2. Mr. Hanstveit is sole trustee and exercises sole voting and investment power.
Key Figures
Shares sold: 2,419 shares
Sale price: $10.29 per share
Direct holdings after sale: 382,509 shares
+2 more
5 metrics
Shares sold
2,419 shares
Open-market sale on April 6, 2026
Sale price
$10.29 per share
Price for 2,419 shares sold
Direct holdings after sale
382,509 shares
Common stock held directly by Arve Hanstveit
Sophie Trust holdings
60,000 shares
Indirect via Sophie Hanstveit Irrevocable Trust
Natasha Trust holdings
60,000 shares
Indirect via Natasha Hanstveit Irrevocable Trust
Key Terms
margin call, open-market sale, irrevocable trust, voting and investment power
4 terms
margin call financial
"Sales were made by a broker to satisfy a margin call on pledged shares."
A margin call is a broker's demand that an investor add cash or sell assets when the value of securities bought with borrowed money falls enough that the account no longer has sufficient collateral. Think of it like a lender asking you to put up more collateral or pay down a loan when the value of what you pledged drops. It matters because unmet margin calls can force quick sales, magnifying losses and creating unexpected liquidity risk for investors.
open-market sale financial
"2,419 shares were disposed of in an open-market sale at $10.29 per share."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
irrevocable trust financial
"60,000 shares are held in each of the Sophie and Natasha Hanstveit Irrevocable Trusts."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
voting and investment power financial
"Mr. Hanstveit is sole trustee and exercises sole voting and investment power."
FAQ
What insider transaction did Energy Recovery (ERII) disclose for Arve Hanstveit?
Energy Recovery reported that director Arve Hanstveit sold 2,419 shares of common stock. The sale occurred on April 6, 2026, as an open-market transaction at $10.29 per share, executed by a broker to meet a margin call on pledged shares.
What is the nature of Arve Hanstveit’s indirect holdings in Energy Recovery (ERII)?
Hanstveit has indirect holdings through the Sophie Hanstveit Irrevocable Trust and the Natasha Hanstveit Irrevocable Trust, each holding 60,000 shares. He is the sole trustee of these trusts and exercises sole voting and investment power over their Energy Recovery shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
