WASTE ENERGY CEO Scott Gallagher Receives Restricted Shares

What Happened
Scott Gallagher, Chairman & CEO of Waste Energy Corp. (WAST), was issued a total of 22,500,000 restricted common shares in two board-approved awards. On 2026-09-16 he received 7,500,000 restricted shares in satisfaction of $37,500 of accrued compensation (reported value $37,500). On 2026-09-17 15,000,000 restricted shares were issued to 221 Cap, LLC (an entity Gallagher controls). The filing reports that after these transactions he beneficially owned 24,230,714 shares (9,230,714 directly and 15,000,000 indirectly).

Key Details

• Transaction types: Awards/Grants (Code A), reported on Form 4; approved by the Board and reported under Rule 16b-3(d).
• Dates & reported prices: 2026-09-16 — 7,500,000 shares @ reported $0.01 (total $37,500); 2026-09-17 — 15,000,000 shares @ $0.00 (total $0). Footnote clarifies the 7.5M satisfied $37,500 of accrued pay at a conversion value of $0.005/share; no cash was paid.
• Vesting: The 15,000,000 shares issued to 221 Cap, LLC vest 5,000,000 on 9/1/2026, 5,000,000 on 9/1/2027 and 5,000,000 on 9/1/2028; unvested shares are subject to transfer restrictions, forfeiture and cancellation.
• Ownership after transaction: 24,230,714 shares beneficially owned (9,230,714 direct; 15,000,000 indirect via 221 Cap).
• Filing timeliness: Form 4 filed 2026-09-18 for transactions on 2026-09-16 and 9/17 — within the standard 2-business-day window (not marked late).

Context
These were compensation awards/restricted-share grants, not open-market purchases. Restricted shares typically carry vesting and transfer limits and are issued as part of pay/consulting arrangements; such awards are compensation-related and do not necessarily indicate immediate bullish trading by the insider. The 15M grant was issued to an entity Gallagher controls, so those shares are considered beneficially owned by him.