Yaacov Nagar - Apr 18, 2023 Form 4 Insider Report for 374Water Inc. (SCWO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Yaacov Nagar
Stock symbol
SCWO
Transactions as of
Apr 18, 2023
Transactions value $
$0
Form type
4
Date filed
4/20/2023, 07:22 PM
Previous filing
May 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCWO Common Stock Award $0 +10K +0.03% $0.00 37.7M Apr 18, 2023 Direct F1

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 SCWO Option to Purchase Common Stock Award $0 +150K $0.00 150K Apr 18, 2023 Common Stock 150K $3.56 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted common stock award to the Reporting Person pursuant to the Issuer's 374Water Inc. 2021 Equity Incentive Plan (the "Plan") which was granted on April 18, 2023 and vested immediately.
F2 Pursuant to the Plan, this option to purchase common stock was granted on April 18, 2023 and vests as follows: (i) 50,000 shares on December 31, 2023 and (ii) the remaining 100,000 shares in equal monthly installments (subject to rounding adjustments) on the last day of each month for 60 months beginning January 1, 2024, until the option is 100% vested. The closing price of the Issuer's common stock on April 18, 2023, the date of grant, was $3.56 per share. The Reporting Person must be an employee of the Issuer as of each vesting date. The option grant will expire on April 17, 2033. In the event of a Change of Control (as defined in the Plan), any unvested portion of the option grant will be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.