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Moon David W's Form 4 filing

Energy Recovery, Inc. (ERII) · filed May 9, 2024

Accession no.
0001421517-24-000095
Filed
May 9, 2024
Trade date
May 7, 2024
Filing delay
2 days
Rule 10b5-1 plan
Not checked

This filing lists 2 non-derivative transactions. Open-market purchases total $141.3K. 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.

Reporting owners on this filing
OwnerRelationship to the company
Moon David WCIK 0001372923Director, Officer (President and CEO)

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
May 7, 2024Common StockPPurchaseAcquired+10,500$13.46F1+$141,33029,750Indirect
May 7, 2024Common StockDReturned to the companyDisposed−8,040$0.00F2$090,870Direct

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 purchase price of multiple trades ranging from $13.34 to $13.47 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 purchased at each separate price upon request.

Referenced by the price of 1 transaction in Table I.

F2

Reflects the cancellation of 8,040 unvested restricted stock units for no consideration prior to vesting in connection with participant's acceptance of employment as the Issuer's permanent CEO and President in January 2024 and in accordance with the vesting condition specified in the applicable award agreement.

Referenced by the price of 1 transaction in Table I.

Remarks

Exhibit 24

Read the full filing on SEC EDGAR (opens in a new tab)