Richard H. Davis - 30 Dec 2024 Form 4 Insider Report for 374Water Inc. (SCWO)

Role
Director
Signature
/s/ Rick Davis
Issuer symbol
SCWO
Transactions as of
30 Dec 2024
Net transactions value
-$0.35
Form type
4
Filing time
02 Jan 2025, 19:30:50 UTC
Previous filing
25 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCWO Common Stock Options Exercise $120,000 +1,000,000 +310% $0.1200 1,322,898 30 Dec 2024 Direct F1
transaction SCWO Common Stock Tax liability $120,000 -179,105 -14% $0.6700 1,143,793 30 Dec 2024 Direct
holding SCWO Common Stock 160,533 30 Dec 2024 By spouse
holding SCWO Common Stock 10,000 30 Dec 2024 By Darby Shore Management Inc F2

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 Stock options (right to buy) Options Exercise $0 -1,000,000 -27% $0.000000 2,700,000 30 Dec 2024 Common Stock 1,000,000 $0.1200 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a fully vested stock option, which was exercised in connection with tax planning purposes and for which the exercise price was paid through the withholding of exercised shares. The Reporting Person intends to hold the shares until at least May 2025 pursuant to a lock-up agreement and the Issuer's insider trading policy.
F2 The Reporting Person is an officer, director and 25% shareholder of Darby Shore Management, Inc., a Florida corporation ("Darby"), and may be deemed to have voting and investment power over the shares held by Darby.