Form 4: Energy Recovery Inc. Director Sells 20,000 Shares, Maintains Significant Holdings

Energy Recovery Inc. director Arve Hanstveit sold 20,000 shares of common stock at $16.87 per share on December 11, 2024, while maintaining significant direct and indirect holdings.

Summary

• Arve Hanstveit, a director at Energy Recovery Inc., sold 20,000 shares of common stock on December 11, 2024, at a price of $16.87 per share.
• Following the transaction, Mr. Hanstveit directly owns 743,182 shares of common stock.
• He also indirectly owns 60,000 shares through the Sophie Hanstveit Irrevocable Trust and another 60,000 shares through the Natasha Hanstveit Irrevocable Trust.
• Mr. Hanstveit is the sole trustee and exercises sole voting and investment power for both trusts.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in the public markets. It provides transparency into insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, ensuring transparency and compliance with SEC regulations.
• The sale of 20,000 shares by a director is not unusual and is within the normal range of insider trading activity.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

Energy Recovery Inc., Arve Hanstveit, Form 4, insider trading, stock sale, director, share ownership