NPWR Form 4: Insider sales leave 1,865,246 shares directly owned

Rhea-AI Filing Summary

NET Power Inc. (NPWR) reported insider share sales by NPEH, LLC across three days. On 10/28/2025, it sold 7,585 Class A shares at a weighted average price of $3.7695, leaving 2,759,832 shares directly owned. On 10/29/2025, it sold 786,832 shares at a weighted average of $4.1166, leaving 1,973,000. On 10/30/2025, it sold 107,754 shares at a weighted average of $4.0376, leaving 1,865,246 directly owned.

The filing notes weighted-average prices based on multiple trades: $3.72–$3.78 on 10/28, $3.72–$4.315 on 10/29, and $4.00–$4.105 on 10/30. NPEH stated it will provide full trade details upon request.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NPEH, LLC

(Last) (First) (Middle)

406 BLACKWELL STREET, 4TH FLOOR

(Street)

DURHAM NC 27701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NET Power Inc. [ NPWR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/28/2025

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
Class A Common Stock	10/28/2025		S		7,585	D	$3.7695(1)	2,759,832	D
Class A Common Stock	10/29/2025		S		786,832	D	$4.1166(2)	1,973,000	D
Class A Common Stock	10/30/2025		S		107,754	D	$4.0376(3)	1,865,246	D

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. 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 $3.72 to $3.78. 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.

2. 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 $3.72 to $4.315. 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.

3. 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 $4.00 to $4.105. 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.

	By: /s/ Min Lee, General Counsel of 8 Rivers Capital, LLC, its Manager	10/30/2025
	** 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.
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FAQ

What insider transactions did NPWR report in this Form 4?

NPEH, LLC sold Class A Common Stock on 10/28/2025, 10/29/2025, and 10/30/2025 at weighted-average prices with post-sale holdings reported each day.

How many NPWR shares were sold on 10/29/2025 and at what price?

On 10/29/2025, 786,832 shares were sold at a weighted-average price of $4.1166.

How many NPWR shares did the reporting person hold after the last sale?

Following the 10/30/2025 transaction, the reporting person directly owned 1,865,246 shares.

What were the trading ranges for the reported weighted-average prices?

10/28: $3.72–$3.78; 10/29: $3.72–$4.315; 10/30: $4.00–$4.105.

Were these NPWR transactions direct or indirect?

They were reported as Direct (D) ownership transactions.

Which security class was involved in the sales?

The transactions involved Class A Common Stock of NET Power Inc.