Form 4: 8 Rivers Capital Sells $742K in NET Power Stock

8 Rivers Capital, a 10% owner and entity associated with Director Damian R. Beauchamp, sold 330,000 shares of NET Power Inc. Class A Common Stock over three days in December 2025.

Summary

• 8 Rivers Capital, LLC, a 10% owner and entity associated with Director Damian R. Beauchamp, reported sales of NET Power Inc. (NPWR) Class A Common Stock.
• A total of 330,000 shares were sold across three separate transactions in December 2025.
• On December 19, 2025, 100,000 shares were sold at a weighted average price of $2.3431 per share.
• On December 22, 2025, another 100,000 shares were sold at a weighted average price of $2.2646 per share.
• On December 23, 2025, 130,000 shares were sold at a weighted average price of $2.1666 per share.
• The total proceeds from these sales amounted to approximately $742,428.
• Following these transactions, 2,220,000 shares remain beneficially owned indirectly by NPEH, LLC.

Sentiment

Score: 3

Explanation: The sale of a significant number of shares by a 10% owner and director-affiliated entity, particularly at declining prices, generally indicates a negative sentiment or a strategic reduction in exposure, which can be perceived as a bearish signal by the market.

Negatives

• A 10% owner and director-affiliated entity sold a significant number of shares (330,000 shares).
• The sales occurred at declining prices, from $2.3431 to $2.1666, potentially indicating a lack of confidence or a need for liquidity.

Risks

• Insider selling by a significant shareholder and director-affiliated entity could be perceived negatively by the market, potentially signaling concerns about future performance or valuation.
• The declining sale prices suggest a downward trend in the stock's value during the transaction period.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• 8 Rivers Capital, LLC, a 10% owner and entity managed by Director Damian R. Beauchamp, sold shares of NET Power Inc.
• Damian R. Beauchamp indirectly owns approximately 68.5% of 8 Rivers Capital, LLC, making him an indirect beneficial owner of the securities sold by NPEH, LLC.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price.
• Management/Employees: Could face questions regarding the company's outlook if key insiders are divesting shares.

Key Dates

Recommendation

The significant insider selling by a 10% owner and director-affiliated entity, particularly at declining prices, suggests a potential lack of confidence or a strategic reduction in exposure. This action typically signals a bearish outlook from those closest to the company. Investors should exercise caution and monitor future developments, but without additional fundamental information, a 'hold' recommendation is prudent, advising against new purchases while also not necessarily recommending immediate divestment for existing holders, pending further analysis.

Keywords

NET Power Inc., NPWR, 8 Rivers Capital, Damian R. Beauchamp, Insider Selling, Form 4, Stock Sale, Beneficial Ownership, Class A Common Stock