Israel D. Abitbol - Apr 18, 2023 Form 4 Insider Report for 374Water Inc. (SCWO)

Role: Chief Financial Officer
Signature: /s/ Israel D. Abitbol
Stock symbol: SCWO
Transactions as of: Apr 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/20/2023, 07:24 PM
Previous filing: Feb 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCWO	Common Stock	Award	$0	+10K	+2.55%	$0.00	403K	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 Company's 374Water Inc. 2021 Equity Incentive Plan (the "Plan") which 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 on an 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.

Content

Represents a restricted common stock award to the Reporting Person pursuant to the Company's 374Water Inc. 2021 Equity Incentive Plan (the "Plan") which vested immediately.

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 on an 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.