0001104659-24-097891.txt : 20240906 0001104659-24-097891.hdr.sgml : 20240906 20240906213026 ACCESSION NUMBER: 0001104659-24-097891 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240903 FILED AS OF DATE: 20240906 DATE AS OF CHANGE: 20240906 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NPEH, LLC CENTRAL INDEX KEY: 0001981772 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40503 FILM NUMBER: 241285679 BUSINESS ADDRESS: STREET 1: 406 BLACKWELL STREET STREET 2: 4TH FLOOR CITY: DURHAM STATE: NC ZIP: 27701 BUSINESS PHONE: 919-667-1800 MAIL ADDRESS: STREET 1: 406 BLACKWELL STREET STREET 2: 4TH FLOOR CITY: DURHAM STATE: NC ZIP: 27701 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NET Power Inc. CENTRAL INDEX KEY: 0001845437 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 981580612 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 320 RONEY STREET, SUITE 200 CITY: DURHAM STATE: NC ZIP: 27701 BUSINESS PHONE: (919) 287-4750 MAIL ADDRESS: STREET 1: 320 RONEY STREET, SUITE 200 CITY: DURHAM STATE: NC ZIP: 27701 FORMER COMPANY: FORMER CONFORMED NAME: Rice Acquisition Corp. II DATE OF NAME CHANGE: 20210210 4 1 tm2423525-2_4seq1.xml OWNERSHIP DOCUMENT X0508 4 2024-09-03 0 0001845437 NET Power Inc. NPWR 0001981772 NPEH, LLC 406 BLACKWELL STREET, 4TH FLOOR DURHAM NC 27701 0 0 1 0 0 Class A Common Stock 2024-09-03 4 C 0 500000 A 500000 D Class B Common Stock 2024-09-03 4 J 0 500000 D 29505300 D Class A Common Stock 2024-09-04 4 S 0 83325 8.1043 D 416675 D Class A Common Stock 2024-09-05 4 S 0 160521 7.9367 D 256154 D Class A Common Stock 2024-09-06 4 S 0 66825 7.8831 D 189329 D Class A Units of NET Power Operations LLC 2024-09-03 4 C 0 500000 0 D Class A Common Stock 500000 29505300 D The Class A Units of NET Power Operations LLC are exchangeable into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date. On September 3, 2024, the Reporting Person exchanged 500,000 Class A Units of NET Power Operations LLC for 500,000 shares of the Issuer's Class A Common Stock. For each Class A Unit of Net Power Operations LLC, the Reporting Person owns a corresponding share of Class B Common Stock of the Issuer. Upon the exchange of 500,000 Class A Units of Net Power Operations LLC, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value, were cancelled. 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 $7.97 to $8.20. The Reporting Person 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. 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 $7.86 to $8.05. The Reporting Person 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. 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 $7.77 to $7.96. The Reporting Person 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. /s/ Asheley Kinsey, Chief Financial Officer of 8 Rivers Capital, LLC, its Manager 2024-09-06