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

Role
Chief Financial Officer
Signature
/s/ Swapan Kakumanu
Stock symbol
MWRK
Transactions as of
Jun 15, 2021
Transactions value $
$870,000
Form type
4
Date filed
6/17/2021, 05:18 PM
Next filing
Sep 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Stock 50K Jun 15, 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 $870K +750K +187.5% $1.16* 1.15M Jun 15, 2021 Common Stock 750K $1.16 Direct F5
holding MWRK Stock Options 75K Jun 15, 2021 Common Stock 75K $0.60 Red to Black Inc. F1, F2
holding MWRK Stock Options 175K Jun 15, 2021 Common Stock 100K $0.10 Red to Black Inc. F1, F3
holding MWRK Stock Options 400K Jun 15, 2021 Common Stock 400K $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.