Form 4: Cynda Beauchamp Divests Full NET Power Stake

Cynda Beauchamp, a 10% owner of NET Power Inc., reported the sale of Class A Common Stock and the complete divestiture of her indirect beneficial ownership in the company.

Summary

• Cynda Beauchamp, identified as a Director and 10% owner of NET Power Inc. (NPWR), reported transactions involving the company's securities.
• On October 31, 2025, 18,116 shares of Class A Common Stock were sold at a weighted average price of $4.0527 per share, with prices ranging from $4.05 to $4.06.
• Following this sale, 1,847,130 shares of Class A Common Stock remained indirectly beneficially owned.
• On November 2, 2025, Cynda Beauchamp sold 100% of her equity interests in 8RCH, LLC.
• This sale resulted in the complete divestiture of her indirect beneficial ownership in NET Power Inc., which previously included 1,847,130 shares of Class A Common Stock, 22,729,880 shares of Class B Common Stock, and 22,729,880 Class A Units of NET Power Operations LLC.
• The Class A Units of NET Power Operations LLC are exchangeable on a one-for-one basis into shares of the Issuer's Class A Common Stock or, at the Issuer's election, cash, and have no expiration date.

Sentiment

Score: 3

Explanation: The complete divestment of indirect beneficial ownership by a Director and 10% owner is a significant negative signal, indicating a potential lack of confidence from a key insider.

Negatives

• A Director and 10% owner, Cynda Beauchamp, has fully divested her indirect beneficial ownership in NET Power Inc., which can be interpreted as a lack of confidence in the company's future prospects.
• The sale of 18,116 shares of Class A Common Stock at $4.0527 per share contributes to the overall divestment.

Future Outlook

This Form 4 reports historical insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an insider transaction by a significant owner and director, which is specific to NET Power Inc. and does not directly relate to broader industry trends or competitor activities.

Related Party Transactions

• The transactions involve Cynda Beauchamp, a Director and 10% owner of NET Power Inc., selling securities and equity interests in entities that indirectly held NET Power securities. This constitutes a related party transaction due to her significant relationship with the issuer.

Stakeholder Impact

• Shareholders may interpret the complete divestment by a significant insider as a negative signal, potentially leading to a decrease in investor confidence and impacting the company's stock price.
• The transaction could lead to increased scrutiny from other investors regarding the company's valuation and future prospects.

Key Dates

Recommendation

The complete divestment of indirect beneficial ownership by a Director and 10% owner, Cynda Beauchamp, is a strong negative indicator. This significant insider selling suggests a lack of long-term confidence in the company's prospects or a belief that the stock is overvalued, warranting a 'sell' recommendation for investors.

Keywords

NET Power Inc., NPWR, Cynda Beauchamp, Insider Trading, Form 4, Stock Sale, Beneficial Ownership, Divestment, Equity Interests