Form 4: Energy Recovery Inc. Executive Farshad Ghasripoor Reports Tax Obligation Transaction

Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., reports the withholding of shares to cover a tax obligation related to vesting securities.

Summary

• Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., filed a Form 4 on January 29, 2025, reporting a transaction on January 27, 2025.
• The transaction involved the withholding of 5,721 shares of common stock at a price of $14.4 to cover a tax obligation related to the vesting of securities.
• Following the transaction, Ghasripoor directly owns 121,240 shares of Energy Recovery, Inc. common stock and indirectly owns 5,230 shares jointly with their spouse.
• Ghasripoor has also granted a Power of Attorney to Michael Mancini, William Yeung, Derek Ching, and Ronda Reynolds-Gray to prepare and execute SEC filings on their behalf.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The transaction itself is neutral, reflecting a standard tax obligation. The sentiment is therefore moderately positive due to the transparency and compliance with regulations.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders across all publicly traded companies.
• The reporting requirements are governed by Section 16 of the Securities Exchange Act of 1934, ensuring consistent standards across the industry.
• Companies like General Electric, Apple, and Microsoft also have their executives and directors file Form 4s when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.
• The filing ensures transparency for stakeholders regarding insider transactions.

Key Dates