Mao Robert Yu Lang's Form 4 filing
Energy Recovery, Inc. (ERII) · filed Nov 8, 2023
- Accession no.
- 0001421517-23-000197
- Filed
- Nov 8, 2023
- Trade date
- Nov 6-7, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 6 non-derivative transactions and 4 derivative transactions. Open-market sales total $4.50M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Mao Robert Yu LangCIK 0001232218 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 6, 2023 | Common Stock | MOption exerciseAcquired | +130,000 | $7.79 | +$1,012,700 | 196,096 | Direct | |
| Nov 6, 2023 | Common Stock | SSaleDisposed | −130,000 | $17.76F1 | −$2,308,800 | 66,096 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseAcquired | +34,340 | $7.79 | +$267,508.6 | 100,436 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseAcquired | +4,168 | $7.79 | +$32,468.72 | 104,604 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseAcquired | +121,383 | $13.96 | +$1,694,506.68 | 225,987 | Direct | |
| Nov 7, 2023 | Common Stock | SSaleDisposed | −121,383 | $18.02F2 | −$2,187,321.66 | 104,604 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 6, 2023 | Common Stock | MOption exerciseDisposed | −130,000 | $0.00 | $0 | 93,613 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseDisposed | −34,340 | $0.00 | $0 | 59,273 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseDisposed | −4,168 | $0.00 | $0 | 45,832 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseDisposed | −121,383 | $0.00 | $0 | 70,151 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This figure is the weighted average sales price of multiple trades ranging from $17.54 to $17.93 per share. The reporting person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request.
Referenced by the price of 1 transaction in Table I.
- F2
This figure is the weighted average sales price of multiple trades ranging from $17.81 to $18.22 per share. The reporting person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request.
Referenced by the price of 1 transaction in Table I.
Remarks
Exhibit 24