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.
NPEH, LLC, a 10% owner of NET Power Inc., reported open-market sales of Class A Common Stock. It sold 400,000 shares on May 12, 2026 at a weighted average price of $2.4389 per share and 35,000 shares on May 13, 2026 at a weighted average price of $2.4329 per share. After these transactions, NPEH, LLC holds 2,965,000 Class A shares directly.
NET Power Inc. reported insider activity involving an entity associated with major holder 8 Rivers Capital, LLC and Damian R. Beauchamp. NPEH, LLC sold a total of 435,000 shares of Class A Common Stock in open-market transactions at weighted average prices of $2.4329 and $2.4389 per share across two days. After these sales, 2,965,000 shares of Class A Common Stock remain indirectly held through NPEH, LLC. 8 Rivers and Mr. Beauchamp each state they may be deemed beneficial owners only to the extent of their pecuniary interests and expressly disclaim broader beneficial ownership.
NET Power Inc. investors 8 Rivers Capital, NPEH, Damian Beauchamp and 8RCH have updated their Schedule 13D to reflect recent share sales and current ownership. Between January 29, 2026 and May 13, 2026, NPEH sold 1,289,780 shares of NET Power Class A common stock.
After these transactions, the reporting group reports beneficial ownership of 20,694,880 shares of Class A common stock, representing 19.50% of the class. This total includes 2,965,000 Class A shares held directly by NPEH and 17,729,880 Opco Units that are exchangeable on a one‑for‑one basis into Class A shares, based on 88,383,801 Class A shares outstanding as of May 7, 2026.
NPEH, LLC, a 10% owner of NET Power Inc., reported an internal equity reclassification. On March 6, 2026, NPEH exchanged 3,000,000 Class A Units of NET Power Operations LLC for 3,000,000 shares of NET Power Class A Common Stock, at a stated price of $0.00 per share. For each exchanged unit, a corresponding share of NET Power Class B Common Stock held by NPEH, which has no economic value, was cancelled, leaving NPEH with 17,729,880 Class B shares and 17,729,880 Class A Units. Following the transaction, NPEH directly owns 3,400,000 shares of NET Power Class A Common Stock. This amendment corrects an administrative error in an earlier Form 4 by properly reflecting the 3,000,000 Class A Units as converted in the derivative table.
NET Power Inc. insider entity restructures its holdings through a unit-for-share exchange. NPEH, LLC exchanged 3,000,000 Class A Units of NET Power Operations LLC for 3,000,000 shares of NET Power Class A Common Stock on a one-for-one basis, with no stated cash consideration. In connection with this exchange, an equal number of NET Power Class B Common Stock shares held by NPEH, which have no economic value, were cancelled.
The filing is an amendment correcting an administrative error in a prior Form 4, which had omitted the conversion of these 3,000,000 Class A Units from the derivative securities table.
Net Power Inc. reported first quarter 2026 results and provided a business update focused on its clean natural gas power strategy. The company highlighted ongoing development of Project Permian Phase I in West Texas, which plans to use Siemens A35 gas turbines with Entropy’s post-combustion carbon capture technology to target 80MW of electrical output. A final investment decision for this initial deployment is expected in the second half of 2026, with commercial operations targeted by early 2029.
Net Power is working to secure a long-term power purchase agreement for Project Permian and has engaged a strategic advisor to facilitate power offtake discussions, which it views as a key step toward project financing. The company is also progressing toward a joint development agreement with Entropy to deploy natural gas-fired generation with post-combustion carbon capture across the United States. Entropy’s technology has demonstrated an approximately 90 percent carbon dioxide capture rate. Net Power ended the quarter with about $319 million in cash, cash equivalents and investments, supporting its capital-intensive development plans.
Net Power Inc. is asking stockholders to vote at its June 3, 2026 annual meeting to elect three Class III directors to terms ending in 2029 and to ratify KPMG LLP as independent auditor for the year ending December 31, 2026.
Holders of 224,761,681 shares of Common Stock (88,383,801 Class A and 136,377,880 Class B) outstanding as of the April 10, 2026 record date may vote, with each share entitled to one vote. The proxy also details a staggered, majority‑independent board, executive pay for 2024–2025, and significant related‑party arrangements, including Baker Hughes development and equipment agreements and the 2025 early termination of the Tax Receivable Agreement with no early termination payment.
Net Power Inc. appointed Ned Leland (Lee) Shuman as its new Chief Financial Officer, effective April 13, 2026, succeeding interim CFO Daniel J. Rice IV, who remains Chief Executive Officer and serves as principal financial officer until the company files its Form 10-Q for the quarter ended March 31, 2026.
Shuman, age 56, is a power-sector finance and strategy executive with more than 25 years of experience, including roles at Javelin Global Commodities and WattBridge Energy. His compensation includes a $420,000 annual base salary, target bonuses under short- and long-term incentive plans, an $800,000 RSU grant vesting after three years, and a $100,000 cash bonus, along with participation in the company’s executive severance and indemnification arrangements.