KAKUMANU SWAPAN 4

Accession 0001567619-22-016750

CIK 0001515139other

View on SEC.gov Company Profile

Filed

Aug 28, 8:00 PM ET

Accepted

Aug 29, 1:19 PM ET

Size

22.0 KB

Accession

0001567619-22-016750

Insider Transaction Report

Form 4

Period: 2022-07-22

METAWORKS PLATFORMS, INC.MWRK

KAKUMANU SWAPAN

Chief Financial Officer

Transactions

Other
Stock Options
2022-07-22$0.60/sh−75,000$45,000→ 0 total(indirect: Red to Black Inc.)
Exercise: $0.60From: 2018-06-08Exp: 2028-06-08→ Common Stock (75,000 underlying)
Award
Stock Options
2022-08-26$0.09/sh+2,300,000$207,000→ 2,300,000 total
Exercise: $0.09From: 2022-08-26Exp: 2032-08-26→ Common Stock (2,300,000 underlying)
Other
Stock Options
2022-07-22$1.17/sh−400,000$468,000→ 0 total
Exercise: $1.17From: 2021-02-10Exp: 2031-02-10→ Common Stock (400,000 underlying)
Other
Stock Options
2022-07-22$0.16/sh−750,000$120,000→ 0 total
Exercise: $1.16From: 2021-06-15Exp: 2031-06-15→ Common Stock (750,000 underlying)

Holdings

Stock Options
(indirect: Red to Black Inc.)
Exercise: $0.10From: 2018-10-15Exp: 2027-10-15→ Common Stock (100,000 underlying)
100,000
Stock Options
Exercise: $1.16From: 2021-06-15Exp: 2031-06-15→ Common Stock (750,000 underlying)
750,000
Warrants
(indirect: Fogdog Energy Solutions Inc.)
Exercise: $0.55Exp: 2026-09-09→ Commn Stock (250,000 underlying)
250,000
Common Stock
(indirect: Red to Black Inc.)
50,000
Common Stock
137,857
Stock Options
(indirect: Red to Black Inc.)
Exercise: $0.60From: 2018-06-08Exp: 2028-06-08→ Common Stock (75,000 underlying)
75,000
Stock Options
Exercise: $1.17From: 2021-02-10Exp: 2031-02-10→ Common Stock (400,000 underlying)
400,000

Footnotes (10)

[F1]Swapan Kakumanu has the sole power to vote or direct the vote, and to dispose or direct the disposition, of the shares held by Red to Black Inc.
[F10]These options were cancelled pursuant to an Option Cancellation Agreement dated July 22, 2022.
[F2]The stock options vest as to 1/3 on June 8, 2018, 1/3 on June 8, 2019 and 1/3 on June 8, 2020.
[F3]The stock options vest as to 1/3 on October 15, 2018, 1/3 on October 15, 2019 and 1/3 on October 15, 2020.
[F4]The options vest as follows: (i) 1/3 on date of grant, (ii) 1/3 on the first anniversary of date of grant and (iii) 1/3 on the second anniversary of date of grant.
[F5]The options vest to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
[F6]The warrants were issued to Fogdog Energy Solutions Inc. ("Fogdog") pursuant to a services agreement dated August 20, 2021 (the "Agreement") with Fogdog, whereby Fogdog will provide CurrencyWorks Inc. (the "Issuer") with free of charge access to the electricity power generated from any clean electricity power generation thermal units built and operated by Fogdog in Canada or the United States of America for a period of five (5) years from the date that the Issuer provides an advance of $850,000 to Fogdog (the "Loan") pursuant to a loan agreement with Fogdog dated August 20, 2021, provided that the Issuer is using such power to develop and operate cryptocurrency mining operations.
[F7]The Warrants will vest and become exercisable only upon repayment in full of the Loan.
[F8]Swapan Kakumanu is the chief financial officer and director of Fogdog and also owns 50% of the shares of Fogdog.
[F9]The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023.

Documents

1 file

4
doc1.xmlPrimary
FORM 4

Issuer

METAWORKS PLATFORMS, INC.

CIK 0001515139

→

Entity typeother

Related Parties

filerCIK 0001760785

Filing Metadata

Form type: 4
Filed: Aug 28, 8:00 PM ET
Accepted: Aug 29, 1:19 PM ET
Size: 22.0 KB

View on SEC.gov