4//SEC Filing
Schessel Marc Sanford 4
Accession 0001104659-20-035959
CIK 0001674227other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 5:12 PM ET
Size
9.8 KB
Accession
0001104659-20-035959
Insider Transaction Report
Form 4
SCWorx Corp.WORX
Schessel Marc Sanford
DirectorChief Executive Officer10% Owner
Transactions
- Award
Restricted Stock Units (common stock)
2020-03-17+80,000→ 80,000 total
Holdings
- 1,032,603
Common Stock, $.001 par value
- 197,820(indirect: See Footnote)
Common Stock, $.001 par value
- 25,000
Restricted Stock Units (common stock)
- 25,000
Restricted Stock Units (common stock)
- 75,000
Restricted Stock Units (common stock)
- 25,000
Restricted Stock Units (common stock)
Footnotes (7)
- [F1]Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.
- [F2]These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.
- [F3]These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.
- [F4]These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of $20 per share for 15 consecutive trading days.
- [F5]These RSUs vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.
- [F6]The Restricted Stock Units vest in full on 09/17/20.
- [F7]The RSUs were issued to the reporting person as compensation for serving as a director in 2020.
Documents
Issuer
SCWorx Corp.
CIK 0001674227
Entity typeother
Related Parties
1- filerCIK 0001767842
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 5:12 PM ET
- Size
- 9.8 KB