Amundi reports 7.77% stake in Energy Recovery

Amundi and Amundi Asset Management, organized under the laws of France, report their beneficial ownership in Energy Recovery, Inc. common stock.

Rhea-AI Filing Summary

Amundi and Amundi Asset Management, organized under the laws of France, report their beneficial ownership in Energy Recovery, Inc. common stock. They beneficially own 4,003,535 shares, representing 7.77% of the outstanding common stock.

They report shared power to vote 2,490,484 shares and shared power to dispose of 4,003,535 shares, with no sole voting or dispositive power. The filing identifies Amundi Asset Management and KBI Global Investors entities as relevant subsidiaries.

Key Figures

Beneficial ownership: 4,003,535 shares Percent of class: 7.77% Shared voting power: 2,490,484 shares +1 more

4 metrics

Beneficial ownership 4,003,535 shares Energy Recovery, Inc. common stock beneficially owned by Amundi and Amundi Asset Management

Percent of class 7.77% Percentage of Energy Recovery, Inc. common stock class beneficially owned

Shared voting power 2,490,484 shares Shares over which Amundi has shared power to vote or direct the vote

Shared dispositive power 4,003,535 shares Shares over which Amundi has shared power to dispose or direct disposition

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company

4 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 4,003,535"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"(ii) Shared power to vote or to direct the vote: 2,490,484"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"(iv) Shared power to dispose or to direct the disposition of: 4,003,535"

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in ERII does Amundi report in this Schedule 13G/A?

Amundi and Amundi Asset Management report beneficial ownership of 4,003,535 shares of Energy Recovery, Inc. (ERII) common stock, representing 7.77% of the class. This reflects their aggregated holdings and associated voting and dispositive powers.

How many ERII shares does Amundi have voting power over?

Amundi reports shared voting power over 2,490,484 ERII shares and no sole voting power. This means voting decisions on these shares are exercised jointly with others, rather than independently.

What dispositive power over ERII shares does Amundi hold?

Amundi reports shared dispositive power over 4,003,535 ERII shares and no sole dispositive power. Dispositive power refers to the authority to sell or otherwise dispose of the shares.

Which entities are identified as subsidiaries in Amundi’s ERII filing?

The filing identifies Amundi Asset Management, KBI Global Investors (North America) Ltd, and KBI Global Investors Ltd as subsidiaries involved in acquiring or holding the reported Energy Recovery, Inc. securities.

Where is Energy Recovery, Inc. and Amundi based according to this filing?

Energy Recovery, Inc. is based at 1717 Doolittle Dr., San Leandro, CA 94577. Amundi and Amundi Asset Management list their principal office at 91-93 boulevard Pasteur, 75015 Paris, France and are organized under French law.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/22/2026 - 09:48 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Energy Recovery, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

29270J100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 29270J100

1

Names of Reporting Persons

AMUNDI

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,490,484.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,003,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,003,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.77 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 29270J100

1

Names of Reporting Persons

AMUNDI ASSET MANAGEMENT

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,490,484.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,003,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,003,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.77 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Energy Recovery, Inc.
(b)	Address of issuer's principal executive offices: 1717 Doolittle Dr., San Leandro, CA 94577
Item 2.
(a)	Name of person filing: Amundi Amundi Asset Management
(b)	Address or principal business office or, if none, residence: Amundi: 91-93 boulevard Pasteur, 75015 Paris, France Amundi Asset Management: 91-93 boulevard Pasteur, 75015 Paris, France
(c)	Citizenship: Both Amundi and Amundi Asset Management are organized under the laws of the Republic of France.
(d)	Title of class of securities: Common Stock, $0.001 par value
(e)	CUSIP No.: 29270J100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,003,535
(b)	Percent of class: 7.77%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,490,484
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4,003,535
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Amundi Asset Management KBI Global Investors (North America) Ltd KBI Global Investors Ltd
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AMUNDI

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	07/22/2026

AMUNDI ASSET MANAGEMENT

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	07/22/2026