Terry Merrell - May 31, 2023 Form 4 Insider Report for 374Water Inc. (SCWO)

Role
Director
Signature
/s/ Terry Merrell
Stock symbol
SCWO
Transactions as of
May 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 05:02 PM
Previous filing
Oct 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCWO Common Stock Gift $0 -1.05M -14.73% $0.00 6.07M May 31, 2023 See Note F1, F3, F4
transaction SCWO Common Stock Gift $0 -19.3K -0.32% $0.00 6.05M Jun 1, 2023 See Note F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This aggregate number represents a bona fide gift of the following: (i) 524,222 shares of the Issuer's common stock to Cross America, Inc. ("Cross America") and (ii) 524,222 shares of the Issuer's common stock to Upper Deer Creek Church, Inc. ("Upper Deer Creek Church").
F2 This number represents a bona fide gift of 19,305 shares of the Issuer's common stock to Crossroads Community Church, Inc. ("Crossroads Community Church").
F3 Cross America, Upper Deer Creek Church and Crossroads Community Church are all tax-exempt religious organizations under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. The Reporting Person and MB Holding Company (as defined in Note 4 below) did not receive any proceeds or other compensation in connection with the gifts. The Reporting Person and MB Holding Company made the gifts as part of their biblical belief to follow Leviticus 27:30 as a 10% tithe of their aggregate holdings of the Issuer's common stock and their biblical belief to follow Malachi 3:10 as a 5% offering of their aggregate holdings of the Issuer's common stock.
F4 Shares held by MB Holding Company, Inc. which is co-owned by Mr. Merrell and over which Mr. Merrell shares investment control ("MB Holding Company").