Company: NPWR-WT
Filing Date: 2025-04-15
Form Type: 8-K
Source: 0001845437-25-000022
Chunk: 2

Company: NET Power Inc.
Filing Date: 2025-04-15
Form: 8-K
Item: Item 5.02
Chunk 2
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2023 and which is incorporated herein by reference. Additionally, Mr. Horstman and the Company will enter into the standard form indemnification agreement that the Company has entered into with each of its executive officers and directors, which provides the indemnitees with contractual rights to indemnification, and expense advancement and reimbursement, to the fullest extent permitted under the Delaware General Corporation Law, subject to certain exceptions contained in those agreements. The foregoing summary of the indemnification agreement does not purport to be complete and is qualified in its entirety by reference to the form of indemnification agreement, which was filed asExhibit 10.4 to the Company’s Current Report on Form 8-K filed with the SEC on June 14, 2023 and which is incorporated herein by reference. At this time, any changes to Mr. Horstman’s compensation in connection with his appointment as Chief Operating Officer have not been determined. The Company will file an amendment to this Current Report on Form 8-K disclosing any compensation adjustments made in connection with Mr. Horstman’s appointment as Chief Operating Officer if and when they are determined.

There are no family relationships between either Mr. Rice or Mr. Horstman, on the one hand, and any director or executive officer of the Company, on the other hand, that are required to be disclosed pursuant to Item 401(d) of Regulation S-K, and except as previously disclosed with respect to Mr. Rice in the2024 Annual Meeting Proxy Statement under “ Certain Relationships and Related Party Transactions,” which is incorporated herein by reference, there are no current or proposed transactions in which Mr. Rice or Mr. Horstman has or will have a direct or indirect material interest and in which the Company is or will be a participant that require disclosure pursuant to Item 404(a) of Regulation S-K. In addition, there are

no arrangements or understandings between Mr. Rice and any other person pursuant to which he was appointed as the Company’s President and Interim Chief Financial Officer or between Mr. Horstman and any other person pursuant to which he was appointed as the Company’s Chief Operating Officer.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Dated:      April 15, 2025      NET POWER INC.                               
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                                  By:                 /s/ Daniel