Form 4: Energy Recovery Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Farshad Ghasripoor, Chief Technology Officer of Energy Recovery, Inc., sold shares to cover tax obligations related to vesting securities.
Summary
- On July 29, 2024, Farshad Ghasripoor, the Chief Technology Officer of Energy Recovery, Inc., sold 4,079 shares of common stock at a weighted average price of $14.629 per share.
- The sale was executed to cover tax obligations arising from the vesting of securities.
- Following the transaction, Ghasripoor directly owns 137,487 shares and indirectly owns 5,230 shares jointly with their spouse.
- Ghasripoor has granted power of attorney to Joshua Ballard, William Yeung, and Derek Ching to handle SEC filings related to their position at Energy Recovery, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock sale for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale, which is common for executives receiving stock-based compensation. It doesn't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The stock sale by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-06-01 | Date of Power of Attorney execution. |
| 2024-07-29 | Date of stock sale transaction. |
| 2024-07-30 | Date of signature for the Form 4 filing. |
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