Jimmy R. Galla - Dec 8, 2022 Form 4 Insider Report for ENVIRO TECHNOLOGIES U.S., INC. (WOEN)

Role: CEO and CFO, Director
Signature: /s/ Jimmy R. Galla
Stock symbol: WOEN
Transactions as of: Dec 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/12/2022, 03:01 PM
Previous filing: Nov 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOEN	Common Stock	Other		-2.5M	-100%		0	Dec 8, 2022	Direct	F1
transaction	WOEN	Common Stock	Other		+2.5M			2.5M	Dec 8, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 8, 2022, the Issuer and the Reporting Person agreed to cancel the restricted stock award granted on November 15, 2022 and disclosed on the Form 4 filed on November 17, 2022, in exchange for 2,500,000 shares of restricted stock units ("RSU's").
F2	Represents RSU's". Each RSU represents a contingent right to receive one share of the Issuer's common stock. Pursuant to the Reporting Person's Employment Agreement dated November 15, 2022, the RSU's shall vest in 20 equal quarterly increments on the last day of each calendar quarter, beginning with December 31, 2022, subject to continued employment on each applicable vesting date and execution of the Issuer's Restricted Stock Unit Agreement.

Content

On December 8, 2022, the Issuer and the Reporting Person agreed to cancel the restricted stock award granted on November 15, 2022 and disclosed on the Form 4 filed on November 17, 2022, in exchange for 2,500,000 shares of restricted stock units ("RSU's").

Represents RSU's". Each RSU represents a contingent right to receive one share of the Issuer's common stock. Pursuant to the Reporting Person's Employment Agreement dated November 15, 2022, the RSU's shall vest in 20 equal quarterly increments on the last day of each calendar quarter, beginning with December 31, 2022, subject to continued employment on each applicable vesting date and execution of the Issuer's Restricted Stock Unit Agreement.