John Dibella - Dec 30, 2021 Form 4 Insider Report for ENVIRO TECHNOLOGIES U.S., INC. (WOEN)

Signature
/s/ John A. DiBella
Stock symbol
WOEN
Transactions as of
Dec 30, 2021
Transactions value $
$125,000
Form type
4
Date filed
1/4/2022, 04:15 PM
Next filing
Aug 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOEN Common Stock Award $125K +500K +44.39% $0.25* 1.63M Dec 30, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares of the Issuer's common stock owned by the Reporting Person includes 15,000 shares of common stock held for the benefit of the Reporting Person's minor children.
F2 The Reporting Person serves as the Issuer's chief executive officer and chief financial officer and as of September 30, 2021 the Issuer has accrued a salary expense of $795,565 payable to the Reporting Person which is reflected as an accrued expenses on the Issuer's balance sheet as of September 30, 2021 (the "Accrued Amount"). Effective December 30, 2021 the parties agreed to convert $125,000 of the Accrued Amount (the "Conversion Amount") into 500,000 restricted shares of common stock of the Company in full satisfaction of the Conversion Amount.