Constellation Energy (CEG) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CONSTELLATION ENERGY GENERATION LLC

(Last) (First) (Middle)

C/O CONSTELLATION ENERGY CORPORATION

1310 POINT STREET

(Street)

BALTIMORE MD 21231

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2023

3. Issuer Name and Ticker or Trading Symbol
NET Power Inc. [ NPWR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	500,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock (together with Opco Units)(2)	(2)	(2)	Class A Common Stock	36,030,716(1)	(2)	D

1. Name and Address of Reporting Person^*

CONSTELLATION ENERGY GENERATION LLC

(Last) (First) (Middle)

C/O CONSTELLATION ENERGY CORPORATION

1310 POINT STREET

(Street)

BALTIMORE MD 21231

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Constellation Energy Corp

(Last) (First) (Middle)

1310 POINT STREET

(Street)

BALTIMORE MD 21231

(City) (State) (Zip)

Explanation of Responses:

1. Constellation Energy Corporation ("Constellation") may be deemed to indirectly beneficially own the securities held directly by Constellation Energy Generation, LLC ("CEG") and reported herein because CEG is a wholly-owned subsidiary of Constellation, a publicly traded company listed on The Nasdaq Stock Market LLC. Constellation disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of those securities in this report shall not be deemed an admission of beneficial ownership thereby of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

2. Each Class A Unit of Net Power Operations LLC (f/k/a Rice Acquisition Holdings II LLC) (collectively, the "Opco Units"), a wholly-owned subsidiary of NET Power Inc. (the "Issuer"), held by CEG is redeemable at CEG's request in exchange for one share of Class A common stock of the Issuer or, at the Issuer's election, cash. Upon CEG's redemption of any Opco Units, an equal number of shares of Class B common stock of the Issuer ("Class B Common Stock") held by CEG will be canceled. The shares of Class B Common Stock carry no separate economic rights but vote together with the Opco Units.

	/s/ Brian Buck, Assistant Secretary of Constellation Energy Corporation	06/20/2023
	/s/ Brian Buck, Assistant Secretary of Constellation Energy Generation, LLC	06/20/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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