Swapan Kakumanu - 21 Apr 2023 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (WAST)

Role: Chief Financial Officer
Signature: /s/ Swapan Kakumanu
Issuer symbol: WAST
Transactions as of: 21 Apr 2023
Net transactions value: +$182,000
Form type: 4
Filing time: 25 Apr 2023, 16:05:32 UTC
Previous filing: 29 Aug 2022
Next filing: 09 Jan 2024
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	21 Apr 2023	Red to Black Inc.	F1
holding	MWRK	Common Stock						137,857	21 Apr 2023	Direct

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	$182,000	+2,000,000	+87%	$0.0910	4,300,000	21 Apr 2023	Common Stock	2,000,000	$0.0910	Direct	F4
holding	MWRK	Stock Options						100,000	21 Apr 2023	Common Stock	100,000	$0.1000	Red to Black Inc.	F1, F2
holding	MWRK	Stock Options						2,300,000	21 Apr 2023	Common Stock	2,300,000	$0.0900	Direct	F3
holding	MWRK	Warrants						250,000	21 Apr 2023	Common Stock	250,000	$0.5500	Fogdog Energy Solutions Inc.	F5, F6, F7

* 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 October 15, 2018, 1/3 on October 15, 2019 and 1/3 on October 15, 2020.
F3	The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023.
F4	The options vest on April 21, 2023.
F5	The warrants were issued to Fogdog Energy Solutions Inc. ("Fogdog") pursuant to a services agreement dated August 20, 2021 (the "Agreement") with Fogdog, whereby Fogdog will provide CurrencyWorks Inc. (the "Issuer") with free of charge access to the electricity power generated from any clean electricity power generation thermal units built and operated by Fogdog in Canada or the United States of America for a period of five (5) years from the date that the Issuer provides an advance of $850,000 to Fogdog (the "Loan") pursuant to a loan agreement with Fogdog dated August 20, 2021, provided that the Issuer is using such power to develop and operate cryptocurrency mining operations.
F6	The Warrants will vest and become exercisable only upon repayment in full of the Loan.
F7	Swapan Kakumanu is the chief financial officer and director of Fogdog and also owns 50% of the shares of Fogdog.