CFO Patel sells 150,000 shares at $12.65 ($1.9M) of NPWR; derivative conversion in Form 4 Table II
Akash Patel, Chief Financial Officer of NET Power Inc., sold 150,000 shares at $12.65 on 2024-11-22, realizing $1,897,170.00. The transaction is flagged as a derivative-conversion transaction with underlying holdings tracked in Form 4 Table II, meaning the Table I post-transaction holding of 0 shares does not represent Patel's total position. The stock has appreciated sharply—up 37.9% in the past 30 days and 59.6% over 90 days—though it remains 6.3% below its 52-week high of $13.29. The sale volume represents a significant transaction relative to the company's $46.9M market cap, warranting review of the complete derivative holdings once Table II data is available.