MDWerks (MDWK) Director Milner Roy Monroe Receives 150,804-Share Award
$MDWK · MDWerks, Inc.Research Summary
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MDWerks (MDWK) Director Milner Roy Monroe Receives 150,804-Share Award
What Happened
Milner Roy Monroe, a director of MDWerks, Inc. (MDWK), was issued 150,804 shares of common stock on August 14, 2026 as a grant/award. The reporting Form 4 shows an acquisition price of $0.07 per share, for a total reported value of approximately $10,556. This was an award under the company’s 2025 Equity Incentive Plan pursuant to his February 11, 2026 employment agreement — a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-08-14; Filing date (Form 4): 2026-08-24 (appears to be filed late).
- Transaction type: A = Award/Grant (shares issued).
- Shares granted: 150,804 at $0.07 per share; total reported value ≈ $10,556.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: Shares issued quarterly under Monroe’s Employment Agreement (dated Feb 11, 2026) and awarded under the MDWerks, Inc. 2025 Equity Incentive Plan; grant approved by the board and issued in accordance with Rule 16b-3.
- No indication these shares were sold or subject to a 10b5-1 plan or tax-withholding sale in this filing.
Context
This was a routine equity compensation grant tied to an employment agreement, which is common for executives and directors. Such awards represent compensation and do not by themselves indicate the insider’s intent to buy or sell shares on the open market. Rule 16b-3 compliance, noted in the filing, is the standard exemptive framework allowing certain insider awards without creating short-swing liability.