0001213900-23-053630.txt : 20230630
0001213900-23-053630.hdr.sgml : 20230630
20230630172331
ACCESSION NUMBER: 0001213900-23-053630
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230630
FILED AS OF DATE: 20230630
DATE AS OF CHANGE: 20230630
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Derham Kyle
CENTRAL INDEX KEY: 0001786795
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40503
FILM NUMBER: 231062809
MAIL ADDRESS:
STREET 1: 625 LIBERTY AVENUE
STREET 2: SUITE 1700
CITY: PITTSBURGH
STATE: PA
ZIP: 15222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NET Power Inc.
CENTRAL INDEX KEY: 0001845437
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 404 HUNT STREET, SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27701
BUSINESS PHONE: (919) 287-4750
MAIL ADDRESS:
STREET 1: 404 HUNT STREET, SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27701
FORMER COMPANY:
FORMER CONFORMED NAME: Rice Acquisition Corp. II
DATE OF NAME CHANGE: 20210210
4
1
ownership.xml
X0407
4
2023-06-30
0
0001845437
NET Power Inc.
NPWR
0001786795
Derham Kyle
C/O NET POWER, INC.
404 HUNT STREET, SUITE 410
DURHAM
NC
27701-2275
1
0
0
0
0
Class B Common Stock
2023-06-30
4
J
0
1390348
0.00
A
1390348
D
Class B Common Stock
2023-06-30
4
J
0
286320
0.00
A
1676668
I
The Derham Children's Trust of 2020
Class B Units of NET Power Operations LLC
2023-06-30
4
J
0
1390348
0.00
A
Class A Common Stock
1390348
1390348
D
Class B Units of NET Power Operations LLC
2023-06-30
4
J
0
286320
0.00
A
Class A Common Stock
286320
1676668
I
The Derham Children's Trust of 2020
Warrants
11.5
2023-06-30
4
J
0
2010586
0.00
A
2023-07-08
2028-06-08
Class A Common Stock
2010586
2010586
D
Warrants
11.5
2023-06-30
4
J
0
414049
0.00
A
2023-07-08
2028-06-08
Class A Common Stock
414049
2424635
I
The Derham Children's Trust of 2020
Received from Rice Acquisition Sponsor LLC ("Sponsor") pursuant to the pro rata distribution of all of the securities of the issuer held by Sponsor to its members.
Prior to the distribution by Sponsor referred to in footnote 1, the reporting person was a managing member of Sponsor, and as such, the reporting person may have been deemed to have beneficial ownership of the securities held of record by Sponsor and the reporting person's prior Form 4s included transactions and direct holdings of Sponsor.
The Derham Children's Trust of 2020 (the "Trust") is the record holder of the securities reported herein and the reporting person is the trustee of the Trust. By virtue of the relationship, the reporting person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
The Class B Units of Opco are convertible into Class A Units of Opco on a one-for-one basis pursuant to the terms of the limited liability agreement of Opco. The Class A Units of Opco (together with the corresponding shares of the issuer's Class B common stock) are then exchangeable into shares of the issuer's Class A common stock or cash, at the issuer's election, on a one-for-one basis and have no expiration date.
/s/ James Wilmot Rogers as Attorney-in-Fact
2023-06-30