James Cahill - Jul 10, 2024 Form 4 Insider Report for White River Energy Corp. (WTRV)

Role: Director
Signature: /s/ James Cahill
Stock symbol: WTRV
Transactions as of: Jul 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/11/2024, 04:05 PM
Previous filing: Apr 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTRV	Common Stock	Award		+1M	+164.93%		1.61M	Jul 10, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units. Each restricted stock unit 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. The restricted stock units vest in 20 equal quarterly installments on the final business day of each fiscal quarter in an amount equal to 50,000 Units per quarter, with the first vesting date on March 31, 2024, subject to continued services as a director as of each applicable vesting date and execution of the Company's standard Restricted Stock Unit Agreement which occurred on July 10, 2024. Shares of common stock will be delivered to the Reporting Person promptly upon each applicable vesting of the restricted stock units. The restricted stock units were granted under the Issuer's 2022 Equity Incentive Plan.
F2	On April 25, 2024, the Reporting Person filed a Form 4, which inadvertently reported the incorrect amount of securities beneficially owned by the Reporting Person by excluding certain securities from the total amount of securities beneficially owned following the reported transaction on the original Form 4. This Form 4 also corrects the amount of securities beneficially owned by the Reporting Person in addition to disclosing the transaction described herein.

Content

Represents restricted stock units. Each restricted stock unit 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. The restricted stock units vest in 20 equal quarterly installments on the final business day of each fiscal quarter in an amount equal to 50,000 Units per quarter, with the first vesting date on March 31, 2024, subject to continued services as a director as of each applicable vesting date and execution of the Company's standard Restricted Stock Unit Agreement which occurred on July 10, 2024. Shares of common stock will be delivered to the Reporting Person promptly upon each applicable vesting of the restricted stock units. The restricted stock units were granted under the Issuer's 2022 Equity Incentive Plan.

On April 25, 2024, the Reporting Person filed a Form 4, which inadvertently reported the incorrect amount of securities beneficially owned by the Reporting Person by excluding certain securities from the total amount of securities beneficially owned following the reported transaction on the original Form 4. This Form 4 also corrects the amount of securities beneficially owned by the Reporting Person in addition to disclosing the transaction described herein.