---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-25-000022"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T14:55:56.429929+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Net Power President/COO and CFO depart; CEO takes interim CFO role, new COO named

## Summary
- Brian Allen (President/COO) and Akash Patel (CFO) to leave effective April 15; employment ends May 1, 2025.
- Allen and Patel receive severance: cash (base salary + avg bonus), prorated target bonus, 12 months health premiums.
- 56,670 RSUs (Allen) and 50,403 RSUs (Patel) vest; prorated PSUs eligible if performance criteria met.
- CEO Daniel Rice IV appointed President and Interim CFO; Marc Horstman (Head of Product Development) named COO.
- Horstman's COO compensation not yet determined; Rice continues as CEO and board member.

## SEC filing metadata
- accession: 0001845437-25-000022
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/npwr-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-25-000022
- JSON: https://secwatch.observer/filing/0001845437-25-000022.json
- Plain text: https://secwatch.observer/filing/0001845437-25-000022.txt

## Key facts
- Executive change
  Daniel J. Rice IV was appointed as President and Interim Chief Financial Officer at NET Power Inc..
  - Action: appointed
  - Role: President and Interim Chief Financial Officer
  source text: Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm
- Executive change
  Marc Horstman was appointed as Chief Operating Officer at NET Power Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm
- Executive change
  Akash Patel resigned as Chief Financial Officer at NET Power Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm
- Executive change
  Brian Allen resigned as President and Chief Operating Officer at NET Power Inc..
  - Action: resigned
  - Role: President and Chief Operating Officer
  source text: On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.