Swapan Kakumanu - Jan 6, 2024 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (MWRK)

Role
Chief Financial Officer
Signature
/s/ Swapan Kakumanu
Stock symbol
MWRK
Transactions as of
Jan 6, 2024
Transactions value $
$40,000
Form type
4
Date filed
1/9/2024, 09:00 PM
Previous filing
Apr 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Stock 50K Jan 6, 2024 Red to Black Inc. F1
holding MWRK Common Stock 138K Jan 6, 2024 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 $40K +2M +46.51% $0.02 6.3M Jan 6, 2024 Common Stock 2M $0.02 Direct F8
holding MWRK Stock Options 100K Jan 6, 2024 Common Stock 100K $0.10 Red to Black Inc. F1, F2
holding MWRK Stock Options 2.3M Jan 6, 2024 Common Stock 2.3M $0.09 Direct F3
holding MWRK Stock Options 4.3M Jan 6, 2024 Common Stock 2M $0.09 Direct F4
holding MWRK Warrants 250K Jan 6, 2024 Common Stock 250K $0.55 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.
F8 The options vest on January 6, 2024.