Form 4: 8 Rivers Capital, Beauchamp Sell NET Power Shares

8 Rivers Capital, LLC and Damian R. Beauchamp reported sales of NET Power Inc. Class A Common Stock totaling 175,000 shares in February 2026.

Summary

• 8 Rivers Capital, LLC and Damian R. Beauchamp, both Directors and 10% owners of NET Power Inc. (NPWR), reported sales of Class A Common Stock.
• On February 13, 2026, 100,000 shares were sold at a weighted average price of $2.1414 per share, with individual trades ranging from $2.10 to $2.215.
• On February 18, 2026, an additional 75,000 shares were sold at a weighted average price of $2.0692 per share, with individual trades ranging from $2.045 to $2.115.
• Following these transactions, 775,000 shares are beneficially owned indirectly by NPEH, LLC.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a moderately negative signal due to significant insider selling by key stakeholders, even if pre-planned, as it reduces insider alignment and can be perceived as a lack of strong confidence in future upside.

Negatives

• Significant insider selling by a 10% owner and director, totaling 175,000 shares.
• Sales occurred at prices ranging from $2.045 to $2.215, which could be interpreted as insiders taking profits or reducing exposure.

Risks

• Potential negative market perception due to significant insider selling by key stakeholders.
• Reduced insider ownership might decrease the alignment of interests between reporting persons and other shareholders.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider selling, especially by significant shareholders and directors, can sometimes be interpreted by the market as a signal regarding the company's near-term prospects or valuation, though these transactions were pre-scheduled via Rule 10b5-1 plans, which can mitigate some of the negative signaling.

Related Party Transactions

• The transactions involve 8 Rivers Capital, LLC, which is the manager and holder of approximately 90.9% of the outstanding equity in NPEH, LLC, the direct owner of the securities.
• Damian R. Beauchamp independently indirectly owns approximately 63.72% of 8 Rivers Capital, LLC and directly owns approximately 3.83% of 8 Rivers Capital, LLC, making him an indirect beneficial owner of the securities owned by NPEH, LLC to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially impacting investor confidence and the stock price.
• Management: The reporting persons are part of the company's board and significant owners, and their actions can influence market perception of the company's prospects.

Key Dates

Recommendation

The substantial sale of shares by a 10% owner and director, even if pre-scheduled under a 10b5-1 plan, suggests that these key insiders believe the current valuation is attractive for selling. This reduction in insider holdings could be interpreted as a lack of strong conviction in significant near-term upside, prompting a 'sell' recommendation for investors to consider reducing their exposure.

Keywords

NET Power, NPWR, 8 Rivers Capital, Damian Beauchamp, insider trading, Form 4, stock sale, beneficial ownership, 10b5-1 plan