Brad Ian Meyers - May 16, 2024 Form 4 Insider Report for 374Water Inc. (SCWO)

Role
Chief Operating Officer
Signature
/s/ Brad Ian Meyers
Stock symbol
SCWO
Transactions as of
May 16, 2024
Transactions value $
$0
Form type
4
Date filed
5/22/2024, 04:07 PM
Previous filing
Nov 13, 2023

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 Restricted Stock Units Award $0 +231K $0.00 231K May 16, 2024 Common Stock, $0.001 par value 231K $0.00 Direct F1, F2
transaction SCWO Option to Purchase Common Stock Award $0 +231K $0.00 231K May 16, 2024 Common Stock, $0.001 par value 231K $1.30 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (the "RSUs") and Option to Purchase Common Stock (the "Options) reported herein were granted to the Reporting Person on May 16, 2024 (the "Effective Date") pursuant to his Employment Agreement (the "Employment Agreement").
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 231,000 RSUs under the Plan, vesting as follows: (a) with respect to 115,500 RSUs, 25% shall vest on the first anniversary of the Effective Date (as defined in the Employment Agreement), and the remaining 75% shall vest in equal increments over the following 36 months; and (b) with respect to the remaining 115,500 RSUs, each shall vest in accordance with the Company milestones set forth by the Issuer.
F3 Under the Employment Agreement and subject to the terms of the Plan, the Reporting Person was granted up to 231,000 Options under the Plan, vesting as follows: (a) with respect to 115,500 Options, 25% shall vest on the first anniversary of the Effective Date, and the remaining 75% shall vest in equal increments over the following 36 months; and (b) with respect to the remaining 115,500 Options, each shall vest in accordance with the Company milestones set forth by the Issuer.