NET Power Inc. filings document the formal reporting record of an emerging growth energy technology company developing low-carbon gas power solutions. Its Form 8-K reports include operating and financial results, business updates, project-development disclosures, executive appointments, board changes and Regulation FD communications related to power-generation site and interconnection matters.
The company’s proxy materials cover annual meeting voting items, director elections, auditor ratification and governance procedures. Other filings describe capital-structure and tax matters connected to NET Power Operations LLC, Opco Units, Class A common stock exchange mechanics, the terminated tax receivable agreement and related public-company obligations.
NET Power Inc. (NPWR) reported insider share sales by a major holder. NPEH, LLC, a director and 10% owner, sold 132,837 shares of Class A common stock on 11/20/2025 at a weighted average price of $2.5971 per share, and 17,163 shares on 11/21/2025 at a weighted average price of $2.5012 per share. In total, these transactions covered 150,000 shares sold over two days. After the sales, NPEH, LLC beneficially owned 3,100,000 Class A common shares, held directly. The prices reflect multiple trades within disclosed ranges, and full trade-level details are available from NPEH, LLC upon request.
NET Power Inc. (NPWR) reported insider activity involving indirect owner NPEH, LLC, which is related to 8 Rivers Capital, LLC and Damian R. Beauchamp, a director of the company. NPEH sold 132,837 shares of Class A common stock on 11/20/2025 at a weighted average price of $2.5971, and an additional 17,163 shares on 11/21/2025 at a weighted average price of $2.5012, through multiple trades within the stated price ranges.
After these sales, NPEH remained the indirect holder of 3,100,000 Class A shares. 8 Rivers, as manager and majority owner of NPEH, and Mr. Beauchamp, as the majority owner of 8 Rivers, may be deemed indirect beneficial owners to the extent of their pecuniary interests, though both expressly disclaim broader beneficial ownership.
NET Power Inc. (NPWR) reported an insider stock sale by a director on a Form 4. The reporting person sold 338,653 shares of Class A common stock on 11/17/2025 at a weighted average price of $2.8096, and a further 250,000 shares on 11/19/2025 at a weighted average price of $2.568. After these transactions, the reporting person beneficially owned 3,250,000 shares of Class A common stock. The filing notes that each day's sales were executed in multiple trades within stated price ranges and that detailed trade data is available upon request.
NET Power Inc. (NPWR) reported insider share sales by an affiliated entity of a director and more than 10% owner. NPEH, LLC sold 338,653 shares of Class A common stock on 11/17/2025 at a weighted average price of $2.8096 per share, and another 250,000 shares on 11/19/2025 at a weighted average price of $2.568 per share, through multiple trades within stated price ranges.
After these transactions, NPEH is shown as indirectly holding 3,500,000 and then 3,250,000 shares of Class A common stock. 8 Rivers Capital, LLC, as manager and holder of approximately 91.4% of NPEH’s equity, and Damian R. Beauchamp, who indirectly owns approximately 68.5% of 8 Rivers, may each be deemed beneficial owners to the extent of their pecuniary interests, though both disclaim beneficial ownership beyond that.
NET Power Inc. filed its Q3 2025 report, recording a $1.0958 billion long‑lived asset impairment and a year‑to‑date net loss of $1.615 billion. Management updated long‑range forecasts after market feedback and value‑engineering results, then wrote down developed technology, Demonstration Plant and lease assets to an indicated fair value of $200.0 million.
The company paused new development spending for its first utility‑scale project (“SN1”) to preserve capital while it broadens its strategy to include natural gas turbines paired with post‑combustion carbon capture. Goodwill of $359.8 million was fully impaired in Q1 2025. Cash and cash equivalents were $229.3 million with total investments in available‑for‑sale securities of $192.2 million as of September 30, 2025. Revenue was minimal and operating expenses rose on research, project development and non‑cash charges.
Subsequently, on November 12, 2025, NET Power entered a $77.7 million purchase obligation for two modular gas turbine generator sets, and on November 7, 2025 signed a letter of intent to negotiate exclusive U.S. licensing of Entropy’s post‑combustion carbon capture technology.
NET POWER Inc. (NPWR) furnished an update on its business by announcing it issued a press release with financial results for the quarter ended September 30, 2025. The release was provided as Exhibit 99.1 and is incorporated by reference.
The company stated the information under Item 2.02 and Exhibit 99.1 is being furnished, not filed, and therefore is not subject to liabilities under Section 18 of the Exchange Act, nor incorporated into other SEC filings except by specific reference. The report is signed by Chief Executive Officer Daniel J. Rice IV.
NET Power Inc. (NPWR): A Schedule 13D/A (Amendment No. 8) reports that the reporting group led by 8 Rivers Capital, LLC and NPEH, LLC beneficially owns 24,568,533 shares of Class A Common Stock, representing 23.49% of the class.
The position includes 3,838,653 shares held directly by NPEH and 20,729,880 Opco Units exchangeable one‑for‑one into Class A Common Stock; an equal number of Class B shares are cancelled upon exchange. On November 3, 2025, NPEH exchanged 2,000,000 Opco Units for Class A shares and sold 134,347 shares between October 30 and November 3. The percentage is calculated using 83,882,957 shares outstanding, comprised of 77,882,957 shares outstanding as of August 7, 2025, 2,161,347 shares sold by NPEH between October 15 and November 3, and 3,838,653 shares held directly by NPEH, plus 20,729,880 shares issuable upon Opco Unit exchange.
On November 2, 2025, Cynda Beauchamp sold her interests in 8RCH to Damian Beauchamp and now reports 0% beneficial ownership, exiting as a reporting person.
NET Power (NPWR) filed a Form 4 showing insider-related transactions by NPEH, LLC. NPEH sold 18,116 shares of Class A Common Stock on 10/31/2025 at a weighted average price of $4.0527, and sold 8,477 shares on 11/03/2025 at a weighted average price of $4.0025. On 11/03/2025, NPEH exchanged 2,000,000 Class A Units of NET Power Operations LLC for 2,000,000 shares of Class A Common Stock.
In connection with the exchange, 2,000,000 shares of Class B Common Stock corresponding to those units were cancelled. Following these transactions, NPEH reported 3,838,653 Class A shares beneficially owned indirectly. The filing notes NPEH’s relationship to 8 Rivers Capital, LLC and Damian R. Beauchamp, with customary beneficial ownership disclaimers.
NET Power (NPWR): NPEH, LLC, a 10% owner, reported open‑market sales of 18,116 and 8,477 Class A shares at weighted average prices of $4.0527 and $4.0025.
On November 3, 2025, NPEH exchanged 2,000,000 Class A Units of NET Power Operations LLC for 2,000,000 Class A Common shares; an equal number of Class B shares were cancelled. Following the transactions, NPEH directly owned 3,838,653 Class A shares and 20,729,880 Class B shares.
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.