Major institutional activity was observed in NET Power Inc.'s (NASDAQ:NPWR) equity market over two days in May 2026. Damian R. Beauchamp and 8 Rivers Capital, LLC, which are identified as significant owners of the company, executed combined sales totaling approximately $1,060,711 worth of Class A Common Stock. These transactions were split across separate dates on May 12 and May 13, 2026.
The selling activity involved a weighted average price range between $2.4329 and $2.4389 per share. On May 12, 2026, the entities sold 400,000 shares of Class A Common Stock for roughly $975,560. The weighted average price for this first block of sales was $2.4389 per share, with individual trades recorded at prices spanning from $2.35 to $2.51.
The following day, May 13, 2026, saw the disposition of an additional 35,000 shares of Class A Common Stock. This second set of transactions generated revenue of approximately $85,152, with a weighted average price of $2.4329 per share. The prices for these trades varied between $2.405 and $2.46.
These sales were conducted indirectly through an entity named NPEH, LLC. Due to the ownership structure, 8 Rivers Capital, LLC, which manages and holds about 90.9% of NPEH's outstanding equity, may be considered a beneficial owner of these securities. Furthermore, Mr. Beauchamp, who has an independent indirect ownership stake of roughly 63.70% and a direct ownership stake of approximately 3.83% in 8 Rivers Capital, LLC, could also be viewed as an indirect beneficial owner of the securities held by NPEH, limited to the scope of his pecuniary interest.
Both 8 Rivers Capital, LLC and Mr. Beauchamp explicitly disclaimed any beneficial ownership claims, except insofar as their financial interest dictated.
The recent selling activity is set against a backdrop of mixed performance for NPWR. While the stock experienced an 8.29% gain over the preceding week, its price has since fallen to $2.22. Market data shows various pricing points and historical movement, with the current closing price listed at $2.22.
Risks
- The primary risk is the company's liquidity, as reports indicate it is rapidly burning through its cash reserves.
- Operational performance remains uncertain following the Q1 2026 earnings miss, which was significantly below expectations and could lead to downward adjustments in financial projections.
- Market perception may be sensitive to further large-scale owner selling, potentially impacting investor confidence.
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Risks
- The primary risk is the company's liquidity, as reports indicate it is rapidly burning through its cash reserves.
- Operational performance remains uncertain following the Q1 2026 earnings miss, which was significantly below expectations and could lead to downward adjustments in financial projections.
- Market perception may be sensitive to further large-scale owner selling, potentially impacting investor confidence.