David Guarino - 16 May 2023 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role: CFO, Secretary and Treasurer, Director
Signature: /s/ David Guarino
Issuer symbol: WTER
Transactions as of: 16 May 2023
Net transactions value: $0
Form type: 4
Filing time: 18 May 2023, 18:27:37 UTC
Previous filing: 16 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTER	Common Stock	Award		+8,333	+4.9%		177,286	16 May 2023	Direct	F5
holding	WTER	Common Stock						168,953	16 May 2023	Direct	F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	WTER	Stock Options						10,000	16 May 2023	Common	10,000	$7.95	Direct	F1, F6
holding	WTER	Stock Options						23,333	16 May 2023	Common	13,333	$16.35	Direct	F2, F6
holding	WTER	Stock Options						39,999	16 May 2023	Common	16,666	$7.65	Direct	F3, F6
holding	WTER	Stock Options						46,665	16 May 2023	Common	6,666	$3.75	Direct	F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	50% vest on April 3, 2020 (the Date of Grant) and 50% vest on the one year anniversary of the Date of Grant.
F2	50% vested on March 31, 2021 and 50% vest on March 31, 2022.
F3	50% vest on August 23, 2023 and 50% vest on August 23, 2024.
F4	50% vest on November 16, 2023 and 50% vest on November 16, 2024.
F5	These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.
F6	Reflects the reverse split on the basis of 15:1 which became effective on April 5, 2023.