Form 4: Energy Recovery Director Mao Executes Stock Options and Sells Shares
SEC Form 4
Director Robert Yu Lang Mao exercised stock options and sold shares of Energy Recovery, Inc. on March 4, 2024.
Summary
- On March 4, 2024, Robert Yu Lang Mao, a director of Energy Recovery, Inc., engaged in transactions involving the company's stock.
- Mao exercised stock options to acquire a total of 89,744 shares of common stock at prices ranging from $2.92 to $9.98.
- Simultaneously, Mao sold 35,779 shares of common stock at a weighted average price of $15.74.
- Following these transactions, Mao directly owns 176,169 shares and indirectly owns 96,208 shares through The Robert and Iran Mao Rev Trust DTD 04-06-2006.
- William Yeung, acting as Attorney-in-Fact, signed the Form 4 on behalf of Robert Yu Lang Mao.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a routine filing showing stock option exercises and sales, which doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The filing indicates the director's view on the company's stock and can be used to gauge sentiment.
Stakeholder Impact
- Shareholders may interpret the transactions as a signal of the director's confidence (or lack thereof) in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 04-06-2006 | Date of The Robert and Iran Mao Rev Trust DTD |
| June 23, 2015 | Grant date of stock option (Grant #753) |
| June 23, 2016 | Grant date of stock option (Grant #835) |
| June 22, 2017 | Grant date of stock option (Grant #916) |
| June 14, 2018 | Grant date of stock option (Grant #1016) |
| June 13, 2019 | Grant date of stock option (Grant #1132) |
| June 01, 2021 | Date of Power of Attorney |
| 03/04/2024 | Date of stock option exercise and share sale |
| 03/06/2024 | Date of Form 4 signature |
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