Form 4: Energy Recovery CEO David Moon Acquires Additional Shares

Energy Recovery's CEO, David Moon, recently purchased 10,750 shares of the company's common stock at an average price of $15.51 per share.

Summary

• On February 27, 2024, David W. Moon, the President and CEO of Energy Recovery, Inc., purchased 10,750 shares of the company's common stock.
• The purchase was made at a weighted average price of $15.51 per share, with individual trades ranging from $15.415 to $15.55.
• Following the transaction, Mr. Moon directly owns 98,910 shares and indirectly owns 19,250 shares through David and Rhonda Moon JCP.
• Mr. Moon has granted power of attorney to Joshua Ballard, William Yeung, and Derek Ching to handle SEC filings related to his transactions in Energy Recovery securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally a good sign, but it's a routine transaction.

Positives

• The CEO's purchase of shares could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

Insider buying is often viewed as a positive sign, suggesting that a company's leadership believes the stock is undervalued. It's a common practice and is closely monitored by investors.

Stakeholder Impact

• The CEO's stock purchase could positively influence shareholder sentiment.

Key Dates