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

Role
Director
Signature
/s/ David Rauch
Stock symbol
WTER
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 06:48 PM
Previous filing
Nov 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTER Common Stock Award +3.33K 3.33K May 16, 2023 Direct F4
holding WTER Common Stock 5.33K May 16, 2023 David and Julie Rauch Trust F2, F5
holding WTER Series E Preferred Stock 100K May 16, 2023 David and Julie Rauch Trust F1, F2

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 6.67K May 16, 2023 Common 6.67K $3.75 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series E Preferred Stock is convertible, after November 23, 2023, at the option of The Alkaline Water Company Inc. (the Company), into that number of units of the Company (each, a Unit) determined by dividing the stated value ($1.00 per share) of such share by $3.75. Each Unit will consist of one share of common stock and one-half of one warrant with each whole warrant entitling the holder to acquire one share of common stock at an exercise price of $4.6875 for three years following conversion. A holder may, at its option, after January 31, 2023, convert all, but no less than all, of shares of Series E Preferred Stock held by such holder into that number of Units determined by dividing the stated value of such shares by $3.75. Each share of the Series E Preferred Stock will also automatically convert, upon the occurrence of a certain fundamental transaction, into that number of Units determined by dividing the stated value of such share by $3.75.
F2 David Rauch and Julie Rauch are the only trustees and the only beneficiaries of the David and Julie Rauch Trust. Julie Rauch is the spouse of David Rauch.
F3 These options vest as follows: (i) 50% on the first year anniversary of the grant date and (ii) 50% on the second year anniversary of the grant date.
F4 These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.
F5 Reflects the reverse split on the basis of 15:1 which became effective on April 5, 2023.