Marc S. Schessel - Jul 21, 2021 Form 4 Insider Report for SCWorx Corp. (WORX)

Role
10%+ Owner
Signature
/s/ Marc S. Schessel
Stock symbol
WORX
Transactions as of
Jul 21, 2021
Transactions value $
-$364,500
Form type
4
Date filed
7/23/2021, 03:03 PM
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WORX Common Stock Sale -$365K -150K -29.43% $2.43* 360K Jul 21, 2021 Direct
holding WORX Common Stock, $.001 par value 863K Jul 21, 2021 Direct
holding WORX Common Stock, $.001 par value 198K Jul 21, 2021 See Footnote F1
holding WORX Restricted Stock Units 75K Jul 21, 2021 Direct F2
holding WORX Restricted Stock Units 25K Jul 21, 2021 Direct F3
holding WORX Restricted Stock Units 25K Jul 21, 2021 Direct F4
holding WORX Restricted Stock Units 25K Jul 21, 2021 Direct F5
holding WORX Restricted Stock Units 80K Jul 21, 2021 Direct F6
holding WORX Restricted Stock Units 319K Jul 21, 2021 Direct F7
holding WORX Restricted Stock Units 20K Jul 21, 2021 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.
F2 These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.
F3 These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.
F4 These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of$20 per share for 15 consecutive trading days.
F5 These RSU s vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.
F6 The Restricted Stock Units vested in full on 09/17/20.
F7 The Restricted Stock Unites vest in 12 quarterly tranches beginning September 30, 2020
F8 The Restricted Stock Units vested in full on 09/17/20.