James Cahill - Nov 27, 2023 Form 3 Insider Report for White River Energy Corp. (WTRV)

Role: Director
Signature: /s/ James Cahill
Stock symbol: WTRV
Transactions as of: Nov 27, 2023
Transactions value $: $0
Form type: 3
Date filed: 11/27/2023, 04:05 PM
Next filing: Feb 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WTRV	Common Stock						102K	Nov 27, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock issued or issuable pursuant to vested restricted stock units ("RSUs"). The Issuer granted the Reporting Person RSUs pursuant to an annual grant of $100,000 in RSUs, which will vest on the final business day of each quarter equal to one-fourth of the total stipend, or $25,000 per quarter, with the number of shares to be determined based on the volume weighted average price of the Issuer's common stock as of each quarterly vesting. This RSU grant are subject to potential upward adjustment upon the successful uplisting of the Issuer's common stock to a national securities exchange, whereupon the RSU grant will be increased to $200,000 per year. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The grant and any issuances thereunder are exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Board of Directors of the Issuer.

Content

Represents shares of common stock issued or issuable pursuant to vested restricted stock units ("RSUs"). The Issuer granted the Reporting Person RSUs pursuant to an annual grant of $100,000 in RSUs, which will vest on the final business day of each quarter equal to one-fourth of the total stipend, or $25,000 per quarter, with the number of shares to be determined based on the volume weighted average price of the Issuer's common stock as of each quarterly vesting. This RSU grant are subject to potential upward adjustment upon the successful uplisting of the Issuer's common stock to a national securities exchange, whereupon the RSU grant will be increased to $200,000 per year. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The grant and any issuances thereunder are exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Board of Directors of the Issuer.

Remarks:

Exhibit 24 - Power of Attorney