Form 4: 8 Rivers Capital Reduces NET Power Stake

8 Rivers Capital, a 10% owner and director, along with affiliated individuals, reported the sale of 479,300 shares of NET Power Inc. Class A Common Stock over three days in October 2025.

Summary

• 8 Rivers Capital, LLC, a 10% owner and director of NET Power Inc. (NPWR), reported the sale of 479,300 shares of Class A Common Stock.
• The sales occurred over three separate transactions on October 20, 21, and 22, 2025.
• On October 20, 2025, 201,000 shares were sold at a weighted average price of $3.5784 per share.
• On October 21, 2025, 189,300 shares were sold at a weighted average price of $3.5307 per share.
• On October 22, 2025, 89,000 shares were sold at a weighted average price of $3.3071 per share.
• Following these transactions, the indirect beneficial ownership by NPEH, LLC, which 8 Rivers Capital manages and holds a significant equity interest in, stands at 3,284,100 shares.
• Damian R. Beauchamp and Cynda Beauchamp, who are married and each indirectly own approximately 34.2% of 8 Rivers Capital, are also deemed indirect beneficial owners of these securities.

Sentiment

Score: 4

Explanation: The filing reports significant insider selling by a major shareholder and directors, which is generally viewed as a negative signal by the market, suggesting a potential lack of confidence or a belief that the stock is fully valued or overvalued.

Negatives

• Significant insider selling by a 10% owner and directors, totaling 479,300 shares, could be interpreted as a lack of confidence in the company's near-term prospects.
• The selling occurred at declining weighted average prices, from $3.5784 to $3.3071, which may indicate a perceived downward trend or a desire to exit positions quickly.

Future Outlook

NA

Industry Context

This filing reports an insider transaction specific to NET Power Inc. and its affiliated entities. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The reported transactions involve 8 Rivers Capital, LLC, a 10% owner and director of NET Power Inc., and its affiliated individuals Damian R. Beauchamp and Cynda Beauchamp, making these related party dealings.

Stakeholder Impact

• Shareholders may interpret the significant insider selling by a 10% owner and directors as a negative signal regarding the company's future prospects or current valuation, potentially impacting investor confidence.

Key Dates

Recommendation

The reported insider selling by a 10% owner and directors, totaling 479,300 shares, typically signals a lack of strong conviction in the company's immediate growth prospects or current valuation. While not a definitive 'sell' signal without further context, it warrants caution and suggests a 'hold' position for existing investors, advising against new purchases until more positive catalysts emerge or the selling trend reverses.

Keywords

NET Power, NPWR, 8 Rivers Capital, Insider Selling, Form 4, Beneficial Ownership, Equity Sales