secwatch.observer — SEC 8-K summary
======================================

Issuer:     NET Power Inc. (NPWR)
CIK:        0001845437
Form:       8-K
Filed at:   2025-04-15T23:59:59+00:00
Accession:  0001845437-25-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/0001845437-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845437/000184543725000022/npwr-20250415.htm
  HTML page:      https://secwatch.observer/filing/0001845437-25-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer