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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 9/14/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1421517 |
| Issuer Name: Energy Recovery, Inc. |
| Issuer Trading Symbol: ERII |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1580690 |
| | Owner Name: Foda Sherif |
| Reporting Owner Address: |
| | Owner Street 1: C/O ENERGY RECOVERY, INC. |
| | Owner Street 2: 1717 DOOLITTLE DRIVE |
| | Owner City: SAN LEANDRO |
| | Owner State: CA |
| | Owner ZIP Code: 94577 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 15,879 |
| | | Transaction Price Per Share: |
| Value: 8.485 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 25,498 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 15,879 |
| | | Transaction Price Per Share: |
| Value: 25.50 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 9,619 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 8.485 |
| | Transaction Date: |
| | | Value: 9/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 15,879 |
| | | Transaction Price Per Share: |
| Value: 8.485 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 6/14/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 15,879.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: This figure is the weighted average sales price of multiple trades ranging from $25.50 to $25.51 per share. The Reporting Person undertakes to provide the SEC Staff, Energy Recovery, Inc. or a shareholder of Energy Recovery, Inc. full information about the number of shares sold at each separate price upon request. |
| Footnote - F2: This stock option was granted on June 14, 2018. All the options are fully vested and exercisable on June 13, 2019. |
| Remarks: Exhibit 24 |
| Owner Signature: |
| Signature Name: /s/ William Yeung, Attorney-in-fact for Sherif Foda |
| Signature Date: 9/16/22 |
