Form 4: Energy Recovery Inc. Director Mao Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Director Robert Yu Lang Mao exercised stock options and sold shares of Energy Recovery, Inc. on February 29, 2024, and March 1, 2024, according to a Form 4 filing with the SEC.
Summary
- Robert Yu Lang Mao, a director of Energy Recovery, Inc., engaged in transactions involving the company's stock on February 29, 2024, and March 1, 2024.
- On both dates, Mao exercised stock options to acquire common stock at prices of $3.53 and $2.92 per share.
- Concurrently, Mao sold portions of the acquired shares on the open market at weighted average prices ranging from $15.435 to $15.76 and $15.96 to $16.58 per share.
- The transactions resulted in a net decrease in Mao's directly held shares of common stock, while his indirectly held shares remained constant.
- Following these transactions, Mao directly owns 176,112 shares and indirectly owns 96,208 shares through The Robert and Iran Mao Rev Trust DTD 04-06-2006.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased trading volume, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 2006-04-06 | Date of The Robert and Iran Mao Rev Trust DTD |
| 2015-02-09 | Date stock option (Grant #697) was granted |
| 2015-06-23 | Date stock option (Grant #753) was granted |
| 2021-06-01 | Date of Power of Attorney execution |
| 2024-02-29 | Date of stock option exercise and share sale |
| 2024-03-01 | Date of stock option exercise and share sale |
| 2024-03-04 | Date of Form 4 filing |
| 2025-02-06 | Expiration date of stock option (Grant #697) |
| 2025-06-23 | Expiration date of stock option (Grant #753) |
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