Form 4: 8 Rivers Capital and SK Inc. Report Sale of NET Power Inc. Shares
SEC Form 4 Filing
8 Rivers Capital, LLC and SK Inc. reported the sale of NET Power Inc. Class A Common Stock on September 30, 2024.
Summary
- 8 Rivers Capital, LLC and SK Inc., both identified as 10% owners and directors of NET Power Inc., filed Form 4 documents with the SEC.
- On September 30, 2024, 8 Rivers Capital sold 46,585 shares of Class A Common Stock at a weighted average price of $7.0685 per share.
- The shares were sold in multiple trades with prices ranging from $7.00 to $7.20.
- Following the transaction, 8 Rivers Capital beneficially owns 24,723 shares of Class A Common Stock.
- SK Inc. also reported their transactions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of stock sales. The sale itself could be interpreted in various ways, but the filing is simply a procedural requirement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Sale of Class A Common Stock by 8 Rivers Capital and SK Inc. |
| 10/02/2024 | Date of signature for the Form 4 filing by Asheley Kinsey of 8 Rivers Capital, LLC and Munhyuk Jang of SK Inc. |
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