NET Power Amends Stock Option Terms for Executive Horstman

NET Power Inc. announced an amendment to its stock option agreements, effective for President and COO Marc Horstman. The amendment modifies the terms for exercising options upon termination of service. Previously, options terminated immediately upon termination for reasons other than death or disability, or after 30 days for resignation. Under the amendment, options will continue to vest after termination by the Company (unless for cause) and can be exercised until their expiration date. For resignations, the exercise window for vested options is extended to 90 days. The amendment does not affect the number of shares, exercise price, vesting schedule, or expiration date of the options.