Form 4: Energy Recovery Inc. Executive Sells Shares to Cover Tax Obligations

Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., sold 10,526 shares of common stock on October 28, 2024, to cover tax obligations related to vesting securities.

Summary

• Farshad Ghasripoor, the Chief Technology Officer of Energy Recovery, Inc., executed a transaction involving the company's common stock on October 28, 2024.
• The transaction involved the sale of 10,526 shares at a weighted average price of $17.967 per share.
• The sale was conducted to cover tax obligations arising from the vesting of securities, in accordance with Rule 16b-3(e).
• Following the transaction, Ghasripoor directly owns 126,961 shares of Energy Recovery, Inc.
• Ghasripoor has granted power of attorney to Michael Mancini, William Yeung, Derek Ching, and Ronda Reynolds-Gray to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares for tax purposes.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future, but it is a transaction that investors monitor.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates