Edmund C. Moy - 22 Jul 2022 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (WAST)

Role
Director
Signature
/s/ Edmund Moy
Issuer symbol
WAST
Transactions as of
22 Jul 2022
Net transactions value
-$454,000
Form type
4
Filing time
29 Aug 2022, 15:41:27 UTC
Previous filing
25 Oct 2021
Next filing
25 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Stock 1,000 22 Jul 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 $60,000 -100,000 -100% $0.6000* 0 22 Jul 2022 Common Stock 100,000 $0.6000 Direct F1, F4
transaction MWRK Stock Options Other $234,000 -200,000 -100% $1.17* 0 22 Jul 2022 Common Stock 200,000 $1.17 Direct F1, F4
transaction MWRK Stock Options Other $232,000 -200,000 -100% $1.16* 0 22 Jul 2022 Common Stock 200,000 $1.16 Direct F2, F4
transaction MWRK Stock Options Award $72,000 +800,000 $0.0900 800,000 26 Aug 2022 Common Stock 800,000 $0.0900 Direct F3
holding MWRK Stock Options 100,000 22 Jul 2022 Common Stock 100,000 $0.6000 Direct F1
holding MWRK Stock Options 200,000 22 Jul 2022 Common Stock 200,000 $1.17 Direct F1
holding MWRK Stock Options 200,000 22 Jul 2022 Common Stock 200,000 $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 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.