Form 4: Energy Recovery Inc. Insider Trades Reported
Statement of Changes in Beneficial Ownership
Alexander J. Buehler, Director and Interim President and CEO of Energy Recovery, Inc., reported transactions involving common stock and stock options.
Summary
- Alexander J. Buehler, who holds the positions of Director and Interim President and CEO at Energy Recovery, Inc., has filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The filing indicates the acquisition of 15,327 shares of common stock at a price of $8.60 per share on June 15, 2026.
- Additionally, 14,900 shares of common stock were disposed of on the same date, with a weighted average sale price ranging from $8.60 to $8.86 per share.
- Following these transactions, Mr. Buehler beneficially owns 66,755 shares of common stock.
- The filing also notes a stock option for 15,327 shares, acquired on June 15, 2026, with an exercise price of $8.60. These options became fully vested and exercisable on June 23, 2017, and expire on June 23, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing. While there are both acquisitions and dispositions of stock, these appear to be routine transactions and option exercises/sales rather than indicative of a major shift in strategy or performance.
Positives
- The acquisition of 15,327 shares of common stock at $8.60 per share could indicate confidence in the company's future prospects by a key executive.
- The stock option grant suggests a continued incentive alignment between management and shareholders.
Negatives
- The disposition of 14,900 shares of common stock, even if part of a pre-planned transaction, represents a reduction in direct beneficial ownership by a senior executive.
- The weighted average sale price of $8.60 to $8.86 per share may be below the current market price, depending on the filing date's market conditions.
Risks
- The filing does not explicitly mention any new risks or challenges.
- The disposition of shares by a key executive could be interpreted negatively by the market, potentially impacting share price, although this is a forward-looking statement based on market perception.
Future Outlook
The filing itself does not contain forward-looking statements or guidance regarding the company's financial performance. The details pertain to past transactions and vested options with an upcoming expiration date.
Management Comments
- The reporting person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request.
- As an officer and/or director of Energy Recovery, Inc. (the Company), the undersigned is subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934, as amended.
- The undersigned acknowledges that each of the attorneys-in-fact, in serving in such capacity at the undersigneds request, are not assuming, nor is the Company assuming, any of the undersigneds responsibilities to comply with Section 16, as amended.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The specific details of acquisitions and dispositions by executives like Alexander J. Buehler are closely watched by investors as potential indicators of management's confidence in the company's stock.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Alexander J. Buehler has executed a Power of Attorney designating David Moon, Michael Mancini, and William Yeung as his attorneys-in-fact to prepare and execute Section 16 reporting forms (Forms ID, 3, 4, and 5) on his behalf. | 03/14/2025 | Ensures compliance with Section 16 reporting requirements even when the reporting person is not directly executing the forms, facilitating efficient and timely filings. |
Stakeholder Impact
- Shareholders: The disposition of shares by a key executive may lead to scrutiny, while the acquisition and option grant could be viewed positively. The weighted average sale price is a point of interest.
- Employees: The stock option details may indirectly affect employee morale and retention if options are part of their compensation structure.
- Management: The filing confirms ongoing reporting obligations and the delegation of these through a Power of Attorney.
Next Steps
- The stock options granted on June 15, 2026, will expire on June 23, 2026, if not exercised.
- Further information regarding the specific sale prices of the disposed shares will be provided upon request to the SEC Staff, Energy Recovery, Inc., or a shareholder.
Key Dates
| Date | Description |
|---|---|
| 06/15/2026 | Date of earliest transaction reported, including acquisition of common stock and stock option, and disposition of common stock. |
| 06/17/2026 | Date of signature for the Form 4 filing. |
| 06/23/2017 | Date when stock options became fully vested and exercisable. |
| 06/23/2026 | Expiration date of the stock options. |
| 03/14/2025 | Effective date of the Power of Attorney document. |
Keywords
Form 4, SEC Filing, Insider Trading, Energy Recovery Inc., ERII, Alexander J. Buehler, Stock Options, Common Stock, Beneficial Ownership, Executive Transactions
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