Swapan Kakumanu - 15 Jun 2021 Form 4 Insider Report for CurrencyWorks Inc. (WAST)

Role
Chief Financial Officer
Signature
/s/ Swapan Kakumanu
Issuer symbol
WAST
Transactions as of
15 Jun 2021
Net transactions value
+$870,000
Form type
4
Filing time
17 Jun 2021, 17:18:13 UTC
Next filing
13 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Stock 50,000 15 Jun 2021 Red to Black Inc. F1

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
transaction MWRK Stock Options Award $870,000 +750,000 +188% $1.16* 1,150,000 15 Jun 2021 Common Stock 750,000 $1.16 Direct F5
holding MWRK Stock Options 75,000 15 Jun 2021 Common Stock 75,000 $0.6000 Red to Black Inc. F1, F2
holding MWRK Stock Options 175,000 15 Jun 2021 Common Stock 100,000 $0.1000 Red to Black Inc. F1, F3
holding MWRK Stock Options 400,000 15 Jun 2021 Common Stock 400,000 $1.17 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Swapan Kakumanu has the sole power to vote or direct the vote, and to dispose or direct the disposition, of the shares held by Red to Black Inc.
F2 The stock options vest as to 1/3 on June 8, 2018, 1/3 on June 8, 2019 and 1/3 on June 8, 2020.
F3 The stock options vest as to 1/3 on October 15, 2018, 1/3 on October 15, 2019 and 1/3 on October 15, 2020.
F4 The options vest as follows: (i) 1/3 on date of grant, (ii) 1/3 on the first anniversary of date of grant and (iii) 1/3 on the second anniversary of date of grant.
F5 The options vest to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.