Form 4: Net Power Inc. Director Alexander Ralph Reports Transaction in Restricted Stock Units
SEC Form 4 Filing
Director Alexander Ralph reports acquisition and disposal of restricted stock units in Net Power Inc.
Summary
- On June 4, 2024, Alexander Ralph, a director of Net Power Inc. [NPWR], reported a transaction involving restricted stock units.
- Ralph acquired 15,369 restricted stock units at a price of $0.
- Ralph disposed of 15,369 restricted stock units.
- Following the reported transactions, Ralph beneficially owns 36,813 restricted stock units.
- The restricted stock units vest on June 4, 2025, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by a company director, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's holdings and alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: acquisition and disposal of restricted stock units. |
| 06/04/2025 | Vesting date for the restricted stock units, contingent upon continued service as a director. |
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