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