Timothy Hannibal - Sep 14, 2021 Form 4 Insider Report for SCWorx Corp. (WORX)

Role
Chief Financial Officer
Signature
/s/ Timothy Hannibal
Stock symbol
WORX
Transactions as of
Sep 14, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 03:55 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WORX Restricted Stock Units Award $0 +90K $0.00 90K Sep 14, 2021 Direct F5
holding WORX Common Stock 16.7K Sep 14, 2021 Direct
holding WORX Restricted Stock Units 33.3K Sep 14, 2021 Direct
holding WORX Restricted Stock Units 308K Sep 14, 2021 Direct F1
holding WORX Restricted Stock Units 200K Sep 14, 2021 Direct F2
holding WORX Restricted Stock Units 99.2K Sep 14, 2021 Direct
holding WORX Restricted Stock Units 75K Sep 14, 2021 Direct F4

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 WORX Common Stock Option 25K Sep 14, 2021 Common Stock 25K $6.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs were issued to the reporting person as compensation for services and vest in three equal semi-annual installments commencing October 7, 2020
F2 The RSUs were issued to the reporting person as compensation for services in connection with becoming President and COO of the Issuer. 100,000 of these RSUs vest ninety days after the grant date and the remaining 100,000 vest in six equal quarterly installments, commencing February 7, 2021 and every 90 days thereafter, until fully vested.
F3 Options become exercisable in four quarterly installments beginning May 13, 2020
F4 The RSUs were granted for reporting person as compensation for acting as a Director. They vest in monthly installments, and shall vest in full on 12/31/2021
F5 The RSUs were issued to the reporting person as compensation for services. They vest in monthly installments, and shall vest in full on 12/31/2021