8 Rivers Capital sells NET Power shares

River, LLC, a 10% owner and director of NET Power Inc., sold a substantial number of shares of the company's Class A Common Stock over several weeks in mid-2026. The sales, disclosed in SEC filings, occurred in multiple transactions from late July through mid-August 2026, totaling over 1.2 million shares and approximately $1.9 million in proceeds. The shares were sold indirectly through NPEH, LLC, of which River is the manager and holds about 90.9% equity. Following the sales, River indirectly holds 2,000,000 shares. Damian R. Beauchamp, who owns a significant portion of River, may also be deemed an indirect beneficial owner. The selling comes as NET Power's stock trades near its 52-week low, down significantly from its high, and follows the company's disappointing first-quarter earnings report, which showed an EPS of -$0.12 versus a forecast of -$0.0287. Several hedge funds and institutional investors, including Geode Capital Management, JPMorgan Chase, Invesco, Federated Hermes, and SEI Investments Company, have adjusted their positions in NET Power during the second quarter. Analyst ratings have been mixed, with some downgrades from Weiss Ratings and The Wall Street Journal.