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STOCK TITAN

[8-K] NET Power Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 4 filing: On 06/20/2025 Evolv Technologies Holdings, Inc. (EVLV) reported that Director Kimberly H. Sheehy received 27,050 Restricted Stock Units (RSUs). Each RSU converts into one share of Class A common stock and carries no exercise price.

The RSUs vest in full on the earlier of 06/20/2026 or the day immediately preceding the company’s next annual meeting, promoting near-term board alignment. No shares were sold or disposed of, and the entire award is held directly by the reporting person. After the grant, Sheehy beneficially owns 27,050 derivative securities tied to EVLV shares.

This appears to be a routine director compensation grant. While it slightly increases potential share count, the dilution effect is minimal. Nonetheless, the award strengthens the director’s economic stake, which investors may view as a modestly positive governance signal.

Deposito del Modulo 4: Il 20/06/2025 Evolv Technologies Holdings, Inc. (EVLV) ha comunicato che la direttrice Kimberly H. Sheehy ha ricevuto 27.050 Unità Azionarie Vincolate (RSU). Ogni RSU si converte in una azione ordinaria di Classe A senza alcun prezzo di esercizio.

Le RSU maturano completamente il prima possibile tra il 20/06/2026 o il giorno precedente l’assemblea annuale successiva della società, favorendo un allineamento a breve termine del consiglio. Non sono state vendute o cedute azioni, e l’intero premio è detenuto direttamente dalla persona che ha effettuato la segnalazione. Dopo l’assegnazione, Sheehy possiede beneficiariamente 27.050 strumenti derivati legati alle azioni EVLV.

Si tratta apparentemente di un premio di compensazione ordinario per il direttore. Sebbene aumenti leggermente il potenziale numero di azioni, l’effetto diluitivo è minimo. Tuttavia, il premio rafforza la partecipazione economica del direttore, che gli investitori potrebbero interpretare come un segnale di governance moderatamente positivo.

Presentación del Formulario 4: El 20/06/2025, Evolv Technologies Holdings, Inc. (EVLV) informó que la directora Kimberly H. Sheehy recibió 27,050 Unidades de Acciones Restringidas (RSU). Cada RSU se convierte en una acción ordinaria Clase A sin precio de ejercicio.

Las RSU se consolidan en su totalidad lo antes posible entre el 20/06/2026 o el día anterior a la próxima junta anual de la empresa, promoviendo una alineación a corto plazo del consejo. No se vendieron ni dispusieron acciones, y todo el premio está en manos directas de la persona que reporta. Tras la concesión, Sheehy posee beneficiosamente 27,050 valores derivados vinculados a acciones de EVLV.

Esto parece ser una concesión rutinaria de compensación para directores. Aunque incrementa ligeramente el conteo potencial de acciones, el efecto dilutivo es mínimo. No obstante, el premio fortalece la participación económica del director, lo que los inversores pueden ver como una señal de gobernanza moderadamente positiva.

Form 4 신고: 2025� 6� 20� Evolv Technologies Holdings, Inc. (EVLV)은 이사 Kimberly H. Sheehy가 27,050개의 제한 주식 단위(RSU)� 받았다고 보고했습니다. � RSU� 클래� A 보통� 1주로 전환되며 행사 가격이 없습니다.

RSU� 회사� 다음 연례 총회 전날 또는 2026� 6� 20� � 먼저 도래하는 날에 전액 베스�되어 단기 이사� 조정� 촉진합니�. 주식은 판매되거� 처분되지 않았으며, 전체 보상은 신고자가 직Ϊ 보유하고 있습니다. 부� � Sheehy� EVLV 주식� 연계� 27,050개의 파생 증권� 실질적으� 소유하게 됩니�.

이는 일반적인 이사 보상 부�� 보입니다. 잠재� 주식 수가 약간 증가하지� 희석 효과� 미미합니�. 그럼에도 불구하고 � 보상은 이사� 경제� 지분을 강화하며, 투자자들은 이를 다소 긍정적인 거버넌스 신호� � � 있습니다.

Dépôt du formulaire 4 : Le 20/06/2025, Evolv Technologies Holdings, Inc. (EVLV) a déclaré que la directrice Kimberly H. Sheehy a reçu 27 050 unités d’actions restreintes (RSU). Chaque RSU se convertit en une action ordinaire de classe A sans prix d’exercice.

Les RSU deviennent entièrement acquises au plus tôt entre le 20/06/2026 ou la veille de la prochaine assemblée annuelle de la société, favorisant ainsi une alignement à court terme du conseil d’administration. Aucune action n’a été vendue ou cédée, et l’intégralité de la récompense est détenue directement par la personne déclarant. Après l’attribution, Sheehy détient effectivement 27 050 titres dérivés liés aux actions EVLV.

Il s’agit apparemment d’une attribution de rémunération habituelle pour un administrateur. Bien que cela augmente légèrement le nombre potentiel d’actions, l’effet dilutif est minime. Néanmoins, cette attribution renforce la participation économique de l’administratrice, ce que les investisseurs peuvent percevoir comme un signal de gouvernance modérément positif.

Formular 4 Einreichung: Am 20.06.2025 meldete Evolv Technologies Holdings, Inc. (EVLV), dass Direktorin Kimberly H. Sheehy 27.050 Restricted Stock Units (RSUs) erhalten hat. Jede RSU wandelt sich in eine Aktie der Klasse A ohne Ausübungspreis um.

Die RSUs werden vollständig am früheren der beiden Termine 20.06.2026 oder dem Tag vor der nächsten Hauptversammlung des Unternehmens fällig, was eine kurzfristige Ausrichtung des Vorstands fördert. Es wurden keine Aktien verkauft oder veräußert, und die gesamte Zuteilung wird direkt von der meldenden Person gehalten. Nach der Gewährung besitzt Sheehy wirtschaftlich 27.050 derivative Wertpapiere, die an EVLV-Aktien gebunden sind.

Dies scheint eine routine Vergütung für Direktoren zu sein. Obwohl es die potenzielle Aktienanzahl leicht erhöht, ist der Verwässerungseffekt minimal. Dennoch stärkt die Zuteilung die wirtschaftliche Beteiligung der Direktorin, was Investoren als ein moderat positives Governance-Signal ansehen könnten.

Positive
  • 27,050 RSUs granted to a board member, modestly improving alignment between director and shareholders at no cash cost to the company.
Negative
  • Minor potential dilution once the RSUs convert to shares, though impact is expected to be negligible.

Insights

TL;DR: Routine RSU grant to director; negligible dilution, modest alignment benefit, no immediate valuation impact.

The filing discloses a standard equity award�27,050 RSUs—to Director Kimberly Sheehy. No cash paid, no sales reported. Such grants are common in board compensation packages and do not signal insider buying enthusiasm. Because the shares are unvested and represent a very small fraction of EVLV’s equity, the transaction is unlikely to move the stock. Investors may view the award as modestly positive for alignment, but overall impact is neutral.

TL;DR: Equity award enhances board-shareholder alignment; standard practice, low governance risk.

Granting RSUs that vest within a year ties director compensation to share performance without immediate cash outlay. The single-year vest improves retention and encourages focus on near-term corporate objectives. Because the award size is limited and disclosure is timely, the filing presents no red flags. There are no Rule 10b5-1 sales, amendments, or accelerated vesting clauses that might concern investors. I classify the event as routine and not materially impactful.

Deposito del Modulo 4: Il 20/06/2025 Evolv Technologies Holdings, Inc. (EVLV) ha comunicato che la direttrice Kimberly H. Sheehy ha ricevuto 27.050 Unità Azionarie Vincolate (RSU). Ogni RSU si converte in una azione ordinaria di Classe A senza alcun prezzo di esercizio.

Le RSU maturano completamente il prima possibile tra il 20/06/2026 o il giorno precedente l’assemblea annuale successiva della società, favorendo un allineamento a breve termine del consiglio. Non sono state vendute o cedute azioni, e l’intero premio è detenuto direttamente dalla persona che ha effettuato la segnalazione. Dopo l’assegnazione, Sheehy possiede beneficiariamente 27.050 strumenti derivati legati alle azioni EVLV.

Si tratta apparentemente di un premio di compensazione ordinario per il direttore. Sebbene aumenti leggermente il potenziale numero di azioni, l’effetto diluitivo è minimo. Tuttavia, il premio rafforza la partecipazione economica del direttore, che gli investitori potrebbero interpretare come un segnale di governance moderatamente positivo.

Presentación del Formulario 4: El 20/06/2025, Evolv Technologies Holdings, Inc. (EVLV) informó que la directora Kimberly H. Sheehy recibió 27,050 Unidades de Acciones Restringidas (RSU). Cada RSU se convierte en una acción ordinaria Clase A sin precio de ejercicio.

Las RSU se consolidan en su totalidad lo antes posible entre el 20/06/2026 o el día anterior a la próxima junta anual de la empresa, promoviendo una alineación a corto plazo del consejo. No se vendieron ni dispusieron acciones, y todo el premio está en manos directas de la persona que reporta. Tras la concesión, Sheehy posee beneficiosamente 27,050 valores derivados vinculados a acciones de EVLV.

Esto parece ser una concesión rutinaria de compensación para directores. Aunque incrementa ligeramente el conteo potencial de acciones, el efecto dilutivo es mínimo. No obstante, el premio fortalece la participación económica del director, lo que los inversores pueden ver como una señal de gobernanza moderadamente positiva.

Form 4 신고: 2025� 6� 20� Evolv Technologies Holdings, Inc. (EVLV)은 이사 Kimberly H. Sheehy가 27,050개의 제한 주식 단위(RSU)� 받았다고 보고했습니다. � RSU� 클래� A 보통� 1주로 전환되며 행사 가격이 없습니다.

RSU� 회사� 다음 연례 총회 전날 또는 2026� 6� 20� � 먼저 도래하는 날에 전액 베스�되어 단기 이사� 조정� 촉진합니�. 주식은 판매되거� 처분되지 않았으며, 전체 보상은 신고자가 직Ϊ 보유하고 있습니다. 부� � Sheehy� EVLV 주식� 연계� 27,050개의 파생 증권� 실질적으� 소유하게 됩니�.

이는 일반적인 이사 보상 부�� 보입니다. 잠재� 주식 수가 약간 증가하지� 희석 효과� 미미합니�. 그럼에도 불구하고 � 보상은 이사� 경제� 지분을 강화하며, 투자자들은 이를 다소 긍정적인 거버넌스 신호� � � 있습니다.

Dépôt du formulaire 4 : Le 20/06/2025, Evolv Technologies Holdings, Inc. (EVLV) a déclaré que la directrice Kimberly H. Sheehy a reçu 27 050 unités d’actions restreintes (RSU). Chaque RSU se convertit en une action ordinaire de classe A sans prix d’exercice.

Les RSU deviennent entièrement acquises au plus tôt entre le 20/06/2026 ou la veille de la prochaine assemblée annuelle de la société, favorisant ainsi une alignement à court terme du conseil d’administration. Aucune action n’a été vendue ou cédée, et l’intégralité de la récompense est détenue directement par la personne déclarant. Après l’attribution, Sheehy détient effectivement 27 050 titres dérivés liés aux actions EVLV.

Il s’agit apparemment d’une attribution de rémunération habituelle pour un administrateur. Bien que cela augmente légèrement le nombre potentiel d’actions, l’effet dilutif est minime. Néanmoins, cette attribution renforce la participation économique de l’administratrice, ce que les investisseurs peuvent percevoir comme un signal de gouvernance modérément positif.

Formular 4 Einreichung: Am 20.06.2025 meldete Evolv Technologies Holdings, Inc. (EVLV), dass Direktorin Kimberly H. Sheehy 27.050 Restricted Stock Units (RSUs) erhalten hat. Jede RSU wandelt sich in eine Aktie der Klasse A ohne Ausübungspreis um.

Die RSUs werden vollständig am früheren der beiden Termine 20.06.2026 oder dem Tag vor der nächsten Hauptversammlung des Unternehmens fällig, was eine kurzfristige Ausrichtung des Vorstands fördert. Es wurden keine Aktien verkauft oder veräußert, und die gesamte Zuteilung wird direkt von der meldenden Person gehalten. Nach der Gewährung besitzt Sheehy wirtschaftlich 27.050 derivative Wertpapiere, die an EVLV-Aktien gebunden sind.

Dies scheint eine routine Vergütung für Direktoren zu sein. Obwohl es die potenzielle Aktienanzahl leicht erhöht, ist der Verwässerungseffekt minimal. Dennoch stärkt die Zuteilung die wirtschaftliche Beteiligung der Direktorin, was Investoren als ein moderat positives Governance-Signal ansehen könnten.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 12, 2025
NET POWER INC.
(Exact name of registrant as specified in its charter)
Delaware
001-4050398-1580612
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
320 Roney St., Suite 200
Durham, North Carolina
27701
(Address of principal executive offices)(Zip Code)
(919) 287-4750
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per shareNPWRThe New York Stock Exchange
Warrants, each exercisable for one share of Class A Common Stock at a price of $11.50
NPWR WSThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



    

On June 8, 2023, NET Power Inc. (the “Company”) and NET Power Operations LLC (“Opco”) entered into a Tax Receivable Agreement with Opco unitholders who received membership units in Opco (“Opco Units”) as consideration for equity interests in NET Power, LLC (the “TRA Unitholders”) and the Agent (as defined therein). The Tax Receivable Agreement obligated the Company to pay to the TRA Unitholders 75% of the tax savings that the Company realizes as a result of increases in tax basis in Opco’s assets resulting from the exchange of Opco Units for shares of the Company’s Class A common stock (or cash) pursuant to the limited liability company agreement of Opco, as well as certain other tax benefits, including tax benefits attributable to payments under the Tax Receivable Agreement.

On May 12, 2025, pursuant to its rights under the Tax Receivable Agreement, the Company delivered to the Agent a duly executed early termination notice setting forth the underlying calculations to support an early termination payment amount of $0.00 due to each TRA Holder (the “Early Termination Notice”). The Early Termination Notice became final and binding on all parties to the Tax Receivable Agreement 30 calendar days from the date on which the Early Termination Notice was delivered to the Agent, and the Tax Receivable Agreement was terminated and of no further force or effect as of June 12, 2025.



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:June 20, 2025NET POWER INC.
By:/s/ Daniel J. Rice IV
Name:Daniel J. Rice IV
Title:Chief Executive Officer

FAQ

How many EVLV shares were awarded to Director Kimberly Sheehy in the Form 4?

She received 27,050 Restricted Stock Units, each convertible into one Class A share.

When do the RSUs reported by EVLV vest?

They vest in full on 06/20/2026 or the day before the next annual meeting, whichever comes first.

Were any EVLV shares sold in this Form 4 filing?

No shares were sold or disposed of; the filing only reports an RSU grant.

What is the exercise price of the RSUs granted to the director?

The RSUs carry a $0 exercise price.

Does this Form 4 indicate a change in the director’s ownership form?

The RSUs are held directly by Kimberly Sheehy; no indirect holdings were reported.
NET POWER INC

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Specialty Industrial Machinery
Electrical Industrial Apparatus
United States
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