DAVIS RICHARD H 4
4 · 374Water Inc. · Filed Jan 2, 2025
Insider Transaction Report
Form 4
374Water Inc.SCWO
DAVIS RICHARD H
Director
Transactions
- Exercise/Conversion
Common Stock
2024-12-30$0.12/sh+1,000,000$120,000→ 1,322,898 total - Exercise/Conversion
Stock options (right to buy)
2024-12-30−1,000,000→ 2,700,000 totalExercise: $0.12From: 2018-05-30Exp: 2026-06-30→ Common Stock (1,000,000 underlying) - Tax Payment
Common Stock
2024-12-30$0.67/sh−179,105$120,000→ 1,143,793 total
Holdings
- 10,000(indirect: By Darby Shore Management Inc)
Common Stock
- 160,533(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Represents a fully vested stock option, which was exercised in connection with tax planning purposes and for which the exercise price was paid through the withholding of exercised shares. The Reporting Person intends to hold the shares until at least May 2025 pursuant to a lock-up agreement and the Issuer's insider trading policy.
- [F2]The Reporting Person is an officer, director and 25% shareholder of Darby Shore Management, Inc., a Florida corporation ("Darby"), and may be deemed to have voting and investment power over the shares held by Darby.