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4//SEC Filing

Schessel Marc Sanford 4

Accession 0001213900-21-038335

CIK 0001674227other
View on SEC.govCompany Profile

Filed

Jul 22, 8:00 PM ET

Accepted

Jul 23, 3:03 PM ET

Size

11.6 KB

Accession

0001213900-21-038335

Insider Transaction Report

Form 4
Period: 2021-07-21
SCWorx Corp.WORX
Schessel Marc Sanford
DirectorChief Executive Officer10% Owner
Transactions
  • Sale

    Common Stock

    2021-07-21$2.43/sh−150,000$364,500→ 359,613 total
Holdings

  • Restricted Stock Units

    25,000

  • Restricted Stock Units

    25,000

  • Restricted Stock Units

    80,000

  • Common Stock, $.001 par value

    862,606

  • Restricted Stock Units

    319,000

  • Restricted Stock Units

    20,000

  • Common Stock, $.001 par value

    (indirect: See Footnote)
    197,820

  • Restricted Stock Units

    25,000

  • Restricted Stock Units

    75,000
Footnotes (8)
  • [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 RSU s 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 vested in full on 09/17/20.
  • [F7]The Restricted Stock Unites vest in 12 quarterly tranches beginning September 30, 2020
  • [F8]The Restricted Stock Units vested in full on 09/17/20.

Documents

1 file

Issuer

SCWorx Corp.

CIK 0001674227

→
Entity typeother

Related Parties

1
  • filerCIK 0001767842

Filing Metadata

Form type
4
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 3:03 PM ET
Size
11.6 KB
View on SEC.gov