Form 4: Energy Recovery CFO Joshua Ballard Reports Sale of Common Stock

Joshua Ballard, CFO of Energy Recovery, Inc., reported the sale of 4,051 shares of common stock at a weighted average price of $13.544 per share on May 28, 2024.

Summary

• On May 28, 2024, Joshua Ballard, the Chief Financial Officer of Energy Recovery, Inc., sold 4,051 shares of the company's common stock.
• The sale was executed at a weighted average price of $13.544 per share, with individual trades ranging from $13.50 to $13.65.
• Following the reported transaction, Ballard directly owns 40,376 shares of Energy Recovery, Inc.
• Ballard has granted a power of attorney to Joshua Ballard, William Yeung, and Derek Ching to prepare and execute SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency when company insiders trade their company's stock. This allows the public to see if management is buying or selling stock, which can be an indicator of their confidence in the company's future.

Stakeholder Impact

• The sale of shares by a company executive may be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a normal part of personal financial management.

Key Dates