Chris M. Gannon - Apr 22, 2024 Form 3 Insider Report for 374Water Inc. (SCWO)

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
holding	SCWO	Restricted Stock Units							Apr 22, 2024	Common Stock, $0.001 par value	2.25M	$0.00	Direct	F1, F2
holding	SCWO	Option to Purchase Common Stock							Apr 22, 2024	Common Stock, $0.001 par value	5.25M	$1.25	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	The Restricted Stock Units (the "RSUs") and Option to Purchase Common Stock reported herein were granted to the Reporting Person on April 22, 2024 pursuant to his Employment Agreement (the "Employment Agreement"), dated as of April 19, 2024 and effective as of April 22, 2024 (the "Effective Date").
F2	Under the Employment Agreement and subject to the terms of the Issuer's 2021 Equity Incentive Plan (the "Plan"), the Reporting Person was granted up to 2,250,000 RSUs under the Plan, vesting as follows: (a) 250,000, on the first annual anniversary of the Effective Date; (b) 750,000, in equal increments on the last day of every month thereafter over the following 36 months, subject to the Reporting Person's continued employment with the Issuer on each vesting date; and (c) 1,250,000, pursuant to certain milestones set forth by the Issuer.
F3	The Option to Purchase Common Stock vest as follows: (a) 625,000, on the first annual anniversary of the Effective Date; (b) 1,875,000, in equal installments on the last day of every month thereafter over the following 36 months subject to the Reporting Person's continued employment with the Issuer on each vesting date; and (c) 2,750,000, pursuant to certain milestones set forth by the Issuer.