Form 4: NET Power Director Sells 40,000 Shares

A 10% owner and director of NET Power Inc. sold 40,000 shares of Class A Common Stock for approximately $112,940.

Summary

• 8 Rivers Capital, LLC and Damian R. Beauchamp, both directors and 10% owners of NET Power Inc. (NPWR), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 40,000 shares on December 9, 2025.
• The shares were sold at a weighted average price of $2.8235 per share, with individual trades ranging from $2.80 to $2.855, totaling approximately $112,940.
• Following the transaction, 2,550,000 shares of Class A Common Stock are beneficially owned indirectly by NPEH, LLC.
• 8 Rivers Capital, LLC is the manager and holds approximately 90.9% of NPEH, LLC.
• Damian R. Beauchamp indirectly owns approximately 68.5% of 8 Rivers Capital, LLC.
• Both reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein.

Sentiment

Score: 3

Explanation: The sale of shares by a director and 10% owner, even with disclaimers regarding beneficial ownership, typically generates negative sentiment as it can be perceived as a lack of confidence in the company's future performance or valuation.

Negatives

• A 10% owner and director sold a significant number of shares (40,000 shares) of Class A Common Stock.
• Insider selling can be interpreted by the market as a negative signal, potentially suggesting a lack of confidence in the company's future prospects or a belief that the stock is overvalued.

Risks

• Potential negative market perception due to the insider selling, which could lead to downward pressure on the stock price.
• The sale price of $2.8235 per share, while a weighted average, is a specific valuation point at which a key insider chose to divest, which could be seen as a low valuation by the insider or driven by liquidity needs.

Future Outlook

NA

Management Comments

• 8 Rivers Capital, LLC disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that 8 Rivers is the beneficial owner of such securities for purposes of Section 16 or otherwise.
• Damian R. Beauchamp disclaims beneficial ownership of any such securities, except to the extent of his or her pecuniary interest therein, if any, and this report shall not be deemed an admission that Mr. Beauchamp is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Industry Context

NA

Related Party Transactions

• The transaction involves the sale of 40,000 shares of Class A Common Stock by 8 Rivers Capital, LLC, an entity managed by and significantly owned by Damian R. Beauchamp, both of whom are directors and 10% owners of NET Power Inc.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a negative signal, potentially leading to downward pressure on the stock price due to concerns about future performance or valuation.

Key Dates

Recommendation

The sale of 40,000 shares by a 10% owner and director, 8 Rivers Capital, LLC, and indirectly by Damian R. Beauchamp, suggests a potential lack of confidence in the company's near-term prospects or a belief that the current valuation is not compelling. While the disclaimers of beneficial ownership are noted, the transaction itself is a disposition by a key insider, which typically signals a negative outlook to the market. This action could lead to downward pressure on the stock price, warranting a 'sell' recommendation for investors seeking to mitigate risk or reallocate capital.

Keywords

NET Power Inc., NPWR, Insider Trading, Form 4, Stock Sale, 8 Rivers Capital, Damian R. Beauchamp, Class A Common Stock, Director, 10% Owner