Form 4: Energy Recovery Inc. Director Joan Kai Chow Reports Changes in Beneficial Ownership

Director Joan Kai Chow reports acquisition of 11,127 shares of Energy Recovery, Inc. stock and disposal of shares, plus indirect ownership details.

Summary

• On June 6, 2024, Joan Kai Chow, a director of Energy Recovery, Inc., reported changes in beneficial ownership of the company's stock.
• Chow acquired 11,127 shares of common stock at a price of $0.
• Following the transaction, Chow directly owns 21,984 shares of common stock.
• Chow also indirectly owns 1,500 shares of common stock jointly with Kenneth Munz as JTWROS (Joint Tenants with Rights of Survivorship).
• A restricted stock unit will fully vest on the 2025 Annual Meeting date, anticipated to be on or about June 5, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. The acquisition of shares by a director is mildly positive, but overall, it's an informational document.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock unit will fully vest on the 2025 Annual Meeting date, anticipated to be on or about June 5, 2025.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding changes in ownership.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholder sentiment.

Key Dates