David William Stephens - 01 Mar 2025 Form 4 Insider Report for MDWerks, Inc. (MDWK)

Signature
/s/ David Stephens
Issuer symbol
MDWK
Transactions as of
01 Mar 2025
Net transactions value
+$24,000
Form type
4
Filing time
04 Apr 2025, 17:15:03 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDWK Common Stock Award $24,000 +150,000 $0.1600 150,000 01 Mar 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the initial grant of shares of common stock granted upon execution of the Employment Agreement entered into between Reporting Person and the Issuer on March 1, 2025. 50,000 shares vested upon execution of the Employment Agreement, while the remaining 100,000 shares are subject to the following vesting schedule: 4,167 shares monthly for eleven (11) months, beginning on January 1, 2026, with 4,159 shares vesting on December 31, 2027. The grant of shares was approved by the Issuer's board of directors and issued in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended. The Reporting Person inadvertently failed to timely file Form 4 within the required time period, this report represents the Shares beneficially owned by the Reporting Person as of the filing date.