Cameron Chell - Jul 22, 2022 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (MWRK)

Role
Director
Signature
/s/ Cameron Chell
Stock symbol
MWRK
Transactions as of
Jul 22, 2022
Transactions value $
-$1,403,000
Form type
4
Date filed
8/29/2022, 03:25 PM
Previous filing
Jan 31, 2022
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Shares 213K Jul 22, 2022 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 Other -$468K -400K -50% $1.17* 400K Jul 22, 2022 Common Stock 400K $1.17 Direct F1, F4
transaction MWRK Stock Options Other -$1.16M -1M -71.43% $1.16* 400K Jul 22, 2022 Common Stock 1M $1.16 Direct F2, F4
transaction MWRK Stock Options Award $225K +2.5M +625% $0.09 2.9M Aug 26, 2022 Common Stock 2.5M $0.09 Direct F3
holding MWRK Stock Option 400K Jul 22, 2022 Common Stock 400K $0.10 Direct F1
holding MWRK Stock Options 800K Jul 22, 2022 Common Stock 400K $1.17 Direct F1
holding MWRK Stock Options 1.4M Jul 22, 2022 Common 1M $1.16 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The options vest as to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
F3 The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023.
F4 These options were cancelled pursuant to an Option Cancellation Agreement dated July 22, 2022.