NET Power insider reports sale and zero ending beneficial interest
Rhea-AI Filing Summary
NET Power Inc. (NPWR): Insider activity reported on Form 4. A reporting person, through NPEH, LLC, sold 18,116 shares of Class A Common Stock on 10/31/2025 at a weighted average price of $4.0527. After this sale, 1,847,130 Class A shares were indirectly held.
On 11/02/2025, journal transactions (code J) reflect the reporting person’s exit from indirect ownership via the sale of upstream interests tied to NPEH. Following these entries, beneficial ownership reported became 0 for Class A Common Stock and 0 for Class B Common Stock (22,729,880 previously shown), and 0 for 22,729,880 Class A Units of NET Power Operations LLC. Each Class A Unit is exchangeable, together with canceling a corresponding Class B share, into one share of Class A Common Stock or cash at the issuer’s election, and has no expiration date.
Positive
- None.
Negative
- None.
Insights
Form 4 shows open‑market sale and exit of indirect ownership.
The filing lists a small open‑market sale of 18,116 Class A at a weighted average $4.0527 on 10/31/2025, followed by journal entries on 11/02/2025 that reduce reported beneficial ownership to zero. Footnotes attribute the change to a sale of upstream equity interests tied to entities that manage and own NPEH.
The derivative table shows 22,729,880 Class A Units (paired with Class B) that are exchangeable one‑for‑one into Class A or cash at the issuer’s election; post‑entries, the reported amount is zero. Actual market impact depends on the prior holding structure; the entry here documents changes without specifying further dispositions beyond the noted sale.
Key mechanics are administrative: journal code J and entity‑level ownership changes drive the zero balance. Subsequent filings may provide additional context on holder structures if they change again.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Units of NET Power Operations LLC | 22,729,880 | $0.00 | -- |
| Other | Class A Common Stock | 1,847,130 | $0.00 | -- |
| Other | Class B Common Stock | 22,729,880 | $0.00 | -- |
| Sale | Class A Common Stock | 18,116 | $4.0527 | $73K |
Footnotes (1)
- The price reported reflects the weighted average sales price. The shares of Class A Common Stock were sold in multiple trades at prices ranging from $4.05 to $4.06. NPEH, LLC ("NPEH") will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. The securities reported in this Form 4 are directly held by NPEH, a limited liability company of which the Reporting Person was the indirect majority owner. On November 2, 2025, the Reporting Person sold 100% of the equity interests of 8RCH, LLC, which holds 50% of the equity interests of each of Tillandsia, Inc. ("Tillandsia"), Areca, Inc. ("Areca") and Chamaedorea, Inc. ("Chamaedoria"). Tillandsia, Areca and Chamaedorea own approximately 18.6%, 25.77% and 24.11%, respectively, of the voting units of 8 Rivers Capital, LLC ("8 Rivers"). 8 Rivers is the manager and owns approximately 91.4% of NPEH. For each Class A Unit of Net Power Operations LLC, NPEH owns one corresponding share of Class B Common Stock of the Issuer. The Class A Units of NET Power Operations LLC are exchangeable (together with the cancellation of a corresponding number of shares of the Issuer's Class B Common Stock) into shares of the Issuer's Class A Common Stock on a one-for-one basis or, at the Issuer's election, cash, and have no expiration date.
