STOCK TITAN

[8-K] NET Power Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Copart Inc. (CPRT) has filed a Form 144 indicating the proposed sale of 24,088 common shares through Morgan Stanley Smith Barney on the NASDAQ around 15 July 2025. The shares were recently acquired on the same date via the cash exercise of stock options. Based on the filing’s stated outstanding share count of 966.9 million, the planned sale represents roughly 0.0025 % of total shares, with an aggregate market value of $1.14 million. No other sales by the same insider were reported in the past three months, and no additional material information—such as the seller’s identity or relationship to the issuer—was disclosed.

The notice is routine and does not, by itself, suggest any change in Copart’s fundamentals; rather, it provides procedural advance disclosure required when an insider intends to sell restricted or control securities under Rule 144.

Copart Inc. (CPRT) ha presentato un Modulo 144 che indica la proposta vendita di 24.088 azioni ordinarie tramite Morgan Stanley Smith Barney sul NASDAQ intorno al 15 luglio 2025. Le azioni sono state acquisite lo stesso giorno tramite il esercizio in contanti di opzioni su azioni. Basandosi sul numero di azioni in circolazione dichiarato nel modulo, pari a 966,9 milioni, la vendita pianificata rappresenta circa lo 0,0025% del totale delle azioni, con un valore di mercato aggregato di 1,14 milioni di dollari. Negli ultimi tre mesi non sono state segnalate altre vendite da parte dello stesso insider e non sono state divulgate ulteriori informazioni rilevanti, come l'identità del venditore o il suo rapporto con l'emittente.

La notifica è di routine e, di per sé, non indica alcun cambiamento nei fondamentali di Copart; si tratta piuttosto di una comunicazione preventiva richiesta quando un insider intende vendere titoli soggetti a restrizioni o di controllo ai sensi della Regola 144.

Copart Inc. (CPRT) ha presentado un Formulario 144 indicando la venta propuesta de 24,088 acciones ordinarias a través de Morgan Stanley Smith Barney en el NASDAQ alrededor del 15 de julio de 2025. Las acciones fueron adquiridas recientemente en la misma fecha mediante el ejercicio en efectivo de opciones sobre acciones. Según el recuento de acciones en circulación declarado en el formulario, que es de 966,9 millones, la venta planificada representa aproximadamente un 0,0025% del total de acciones, con un valor de mercado agregado de 1,14 millones de dólares. No se reportaron otras ventas por parte del mismo insider en los últimos tres meses, ni se divulgó información adicional relevante, como la identidad del vendedor o su relación con el emisor.

El aviso es rutinario y, por sí solo, no sugiere ningún cambio en los fundamentos de Copart; más bien, proporciona una divulgación previa procedimental requerida cuando un insider pretende vender valores restringidos o de control bajo la Regla 144.

Copart Inc. (CPRT)는 2025년 7월 15일경 NASDAQ을 통해 Morgan Stanley Smith Barney를 통해 24,088주 보통주를 매도할 예정임을 알리는 Form 144를 제출했습니다. 해당 주식은 같은 날 주식매수선택권의 현금 행사를 통해 최근에 취득한 것입니다. 제출된 보고서에 명시된 발행 주식 수가 9억 6,690만 주임을 기준으로 이번 매도 계획은 전체 주식의 약 0.0025%에 해당하며, 총 시장 가치는 114만 달러에 달합니다. 지난 3개월 동안 동일 내부자의 다른 매도 보고는 없었으며, 판매자의 신원이나 발행사와의 관계 등 추가 중요한 정보도 공개되지 않았습니다.

이 공지는 일상적인 절차로, 단독으로는 Copart의 기본적인 사업 상황 변화가 있음을 시사하지 않습니다. 다만, 내부자가 제한 주식이나 통제 주식을 Rule 144에 따라 매도하려 할 때 필요한 사전 절차적 공시를 제공합니다.

Copart Inc. (CPRT) a déposé un Formulaire 144 indiquant la vente proposée de 24 088 actions ordinaires via Morgan Stanley Smith Barney sur le NASDAQ aux alentours du 15 juillet 2025. Les actions ont été récemment acquises à la même date par le rachat en espèces d’options d’achat d’actions. Sur la base du nombre d’actions en circulation déclaré dans le dépôt, soit 966,9 millions, la vente prévue représente environ 0,0025 % du total des actions, pour une valeur marchande globale de 1,14 million de dollars. Aucune autre vente par le même initié n’a été signalée au cours des trois derniers mois, et aucune information supplémentaire importante – telle que l’identité du vendeur ou sa relation avec l’émetteur – n’a été divulguée.

L’avis est de routine et ne suggère pas, en soi, de changement dans les fondamentaux de Copart ; il constitue plutôt une divulgation préalable procédurale requise lorsqu’un initié prévoit de vendre des titres restreints ou contrôlés selon la règle 144.

Copart Inc. (CPRT) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 24.088 Stammaktien über Morgan Stanley Smith Barney an der NASDAQ um den 15. Juli 2025 ankündigt. Die Aktien wurden am selben Tag durch die Barausübung von Aktienoptionen erworben. Basierend auf der im Formular angegebenen Anzahl ausstehender Aktien von 966,9 Millionen entspricht der geplante Verkauf etwa 0,0025% der Gesamtaktien mit einem Gesamtmarktwert von 1,14 Millionen US-Dollar. In den letzten drei Monaten wurden keine weiteren Verkäufe desselben Insiders gemeldet, und es wurden keine zusätzlichen wesentlichen Informationen – wie die Identität des Verkäufers oder dessen Beziehung zum Emittenten – offengelegt.

Die Mitteilung ist routinemäßig und deutet für sich genommen nicht auf eine Änderung der fundamentalen Situation von Copart hin; vielmehr stellt sie die erforderliche vorzeitige Offenlegung dar, wenn ein Insider beabsichtigt, eingeschränkte oder kontrollierte Wertpapiere gemäß Regel 144 zu verkaufen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small Rule 144 filing; 24k-share insider sale (<0.003 % o/s) worth $1.1 m—unlikely to move CPRT.

The filing signals a modest liquidity move by an insider, with no evidence of broader divestment trends (no prior 3-month sales). Importantly, the sale size is immaterial relative to Copart’s ~967 million shares outstanding and should not affect float or price dynamics. Because the options were exercised concurrently, the transaction appears to be a routine monetisation event rather than a strategic exit. Unless accompanied by additional insider selling or adverse disclosures, the market impact is expected to be negligible.

Copart Inc. (CPRT) ha presentato un Modulo 144 che indica la proposta vendita di 24.088 azioni ordinarie tramite Morgan Stanley Smith Barney sul NASDAQ intorno al 15 luglio 2025. Le azioni sono state acquisite lo stesso giorno tramite il esercizio in contanti di opzioni su azioni. Basandosi sul numero di azioni in circolazione dichiarato nel modulo, pari a 966,9 milioni, la vendita pianificata rappresenta circa lo 0,0025% del totale delle azioni, con un valore di mercato aggregato di 1,14 milioni di dollari. Negli ultimi tre mesi non sono state segnalate altre vendite da parte dello stesso insider e non sono state divulgate ulteriori informazioni rilevanti, come l'identità del venditore o il suo rapporto con l'emittente.

La notifica è di routine e, di per sé, non indica alcun cambiamento nei fondamentali di Copart; si tratta piuttosto di una comunicazione preventiva richiesta quando un insider intende vendere titoli soggetti a restrizioni o di controllo ai sensi della Regola 144.

Copart Inc. (CPRT) ha presentado un Formulario 144 indicando la venta propuesta de 24,088 acciones ordinarias a través de Morgan Stanley Smith Barney en el NASDAQ alrededor del 15 de julio de 2025. Las acciones fueron adquiridas recientemente en la misma fecha mediante el ejercicio en efectivo de opciones sobre acciones. Según el recuento de acciones en circulación declarado en el formulario, que es de 966,9 millones, la venta planificada representa aproximadamente un 0,0025% del total de acciones, con un valor de mercado agregado de 1,14 millones de dólares. No se reportaron otras ventas por parte del mismo insider en los últimos tres meses, ni se divulgó información adicional relevante, como la identidad del vendedor o su relación con el emisor.

El aviso es rutinario y, por sí solo, no sugiere ningún cambio en los fundamentos de Copart; más bien, proporciona una divulgación previa procedimental requerida cuando un insider pretende vender valores restringidos o de control bajo la Regla 144.

Copart Inc. (CPRT)는 2025년 7월 15일경 NASDAQ을 통해 Morgan Stanley Smith Barney를 통해 24,088주 보통주를 매도할 예정임을 알리는 Form 144를 제출했습니다. 해당 주식은 같은 날 주식매수선택권의 현금 행사를 통해 최근에 취득한 것입니다. 제출된 보고서에 명시된 발행 주식 수가 9억 6,690만 주임을 기준으로 이번 매도 계획은 전체 주식의 약 0.0025%에 해당하며, 총 시장 가치는 114만 달러에 달합니다. 지난 3개월 동안 동일 내부자의 다른 매도 보고는 없었으며, 판매자의 신원이나 발행사와의 관계 등 추가 중요한 정보도 공개되지 않았습니다.

이 공지는 일상적인 절차로, 단독으로는 Copart의 기본적인 사업 상황 변화가 있음을 시사하지 않습니다. 다만, 내부자가 제한 주식이나 통제 주식을 Rule 144에 따라 매도하려 할 때 필요한 사전 절차적 공시를 제공합니다.

Copart Inc. (CPRT) a déposé un Formulaire 144 indiquant la vente proposée de 24 088 actions ordinaires via Morgan Stanley Smith Barney sur le NASDAQ aux alentours du 15 juillet 2025. Les actions ont été récemment acquises à la même date par le rachat en espèces d’options d’achat d’actions. Sur la base du nombre d’actions en circulation déclaré dans le dépôt, soit 966,9 millions, la vente prévue représente environ 0,0025 % du total des actions, pour une valeur marchande globale de 1,14 million de dollars. Aucune autre vente par le même initié n’a été signalée au cours des trois derniers mois, et aucune information supplémentaire importante – telle que l’identité du vendeur ou sa relation avec l’émetteur – n’a été divulguée.

L’avis est de routine et ne suggère pas, en soi, de changement dans les fondamentaux de Copart ; il constitue plutôt une divulgation préalable procédurale requise lorsqu’un initié prévoit de vendre des titres restreints ou contrôlés selon la règle 144.

Copart Inc. (CPRT) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 24.088 Stammaktien über Morgan Stanley Smith Barney an der NASDAQ um den 15. Juli 2025 ankündigt. Die Aktien wurden am selben Tag durch die Barausübung von Aktienoptionen erworben. Basierend auf der im Formular angegebenen Anzahl ausstehender Aktien von 966,9 Millionen entspricht der geplante Verkauf etwa 0,0025% der Gesamtaktien mit einem Gesamtmarktwert von 1,14 Millionen US-Dollar. In den letzten drei Monaten wurden keine weiteren Verkäufe desselben Insiders gemeldet, und es wurden keine zusätzlichen wesentlichen Informationen – wie die Identität des Verkäufers oder dessen Beziehung zum Emittenten – offengelegt.

Die Mitteilung ist routinemäßig und deutet für sich genommen nicht auf eine Änderung der fundamentalen Situation von Copart hin; vielmehr stellt sie die erforderliche vorzeitige Offenlegung dar, wenn ein Insider beabsichtigt, eingeschränkte oder kontrollierte Wertpapiere gemäß Regel 144 zu verkaufen.

00018454370001845437false00018454372025-05-122025-05-120001845437us-gaap:WarrantMember2025-05-122025-05-12

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 10, 2025
NET POWER INC.
(Exact name of registrant as specified in its charter)
Delaware
001-4050398-1580612
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
320 Roney St., Suite 200
Durham, North Carolina
27701
(Address of principal executive offices)(Zip Code)
(919) 287-4750
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per shareNPWRThe New York Stock Exchange
Warrants, each exercisable for one share of Class A Common Stock at a price of $11.50
NPWR WSThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 10, 2025, Eunkyung Sung notified the board of directors (the “Board”) of NET Power Inc. (the “Company”) of her decision to resign as a member of the Board, effective immediately. Ms. Sung’s decision was not due to any disagreement with the Company’s management or Board.




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:June 15, 2025NET POWER INC.
By:/s/ Daniel J. Rice IV
Name:Daniel J. Rice IV
Title:Chief Executive Officer

FAQ

How many Copart (CPRT) shares are being sold under this Form 144?

The notice covers 24,088 common shares.

What is the aggregate market value of the planned Copart share sale?

The filing lists an aggregate market value of $1,135,267.44.

When is the approximate sale date for the Copart shares?

The shares may be sold on or about July 15, 2025.

What percentage of Copart’s outstanding shares does the sale represent?

Approximately 0.0025 % of the 966.9 million shares outstanding.

How were the shares acquired before the planned sale?

They were obtained through the exercise of stock options on July 15, 2025, paid in cash.

Which broker is handling the transaction?

Morgan Stanley Smith Barney LLC Executive Financial Services.
NET POWER INC

NYSE:NPWR

NPWR Rankings

NPWR Latest News

NPWR Latest SEC Filings

NPWR Stock Data

258.83M
67.83M
12.78%
86.54%
4.38%
Specialty Industrial Machinery
Electrical Industrial Apparatus
Link
United States
DURHAM