4//SEC Filing
Abitbol Israel David 4
Accession 0001654954-23-005022
CIK 0000933972other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 7:24 PM ET
Size
7.6 KB
Accession
0001654954-23-005022
Insider Transaction Report
Form 4
374Water Inc.SCWO
Abitbol Israel David
Chief Financial Officer
Transactions
- Award
Common Stock
2023-04-18+10,000→ 402,716 total - Award
Option to Purchase Common Stock
2023-04-18+150,000→ 150,000 totalExercise: $3.56→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Represents a restricted common stock award to the Reporting Person pursuant to the Company's 374Water Inc. 2021 Equity Incentive Plan (the "Plan") which vested immediately.
- [F2]Pursuant to the Plan, this option to purchase common stock was granted on April 18, 2023 and vests as follows: (i) 50,000 shares on December 31, 2023 and (ii) the remaining 100,000 shares on an equal monthly installments (subject to rounding adjustments) on the last day of each month for 60 months beginning January 1, 2024, until the option is 100% vested. The closing price of the Issuer's common stock on April 18, 2023, the date of grant, was $3.56 per share. The Reporting Person must be an employee of the Issuer as of each vesting date. The option grant will expire on April 17, 2033. In the event of a Change of Control (as defined in the Plan), any unvested portion of the option grant will be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.
Documents
Issuer
374Water Inc.
CIK 0000933972
Entity typeother
Related Parties
1- filerCIK 0001909325
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 7:24 PM ET
- Size
- 7.6 KB