Gannon Chris M 4

4 · 374Water Inc. · Filed Sep 3, 2025

Form 4

Period: 2024-04-22

Chief Executive Officer

Transactions

Award
Common Stock (restricted stock units)
2025-08-28+1,250,000→ 2,370,000 total
Award
Common Stock (restricted stock units)
2024-04-22+1,000,000→ 1,120,000 total
Award
Restricted Stock Units
2024-04-22+1,250,000→ 1,250,000 total
Exercise: $0.00→ Common Stock, $0.0001 par value (1,250,000 underlying)

Footnotes (4)

[F1]The Restricted Stock Units (the "2024 RSUs") reported herein were granted to the Reporting Person on April 22, 2024, pursuant to his Employment Agreement (the "Employment Agreement"), dated as of April 19, 2024, and effective as of April 22, 2024 (the "Effective Date"). 250,000 of the shares subject to the 2024 RSUs vested on April 22, 2025, and the remaining 750,000 shares vest in equal increments on the last day of every month thereafter over the following 36 months, subject to the Reporting Person's continued employment with the Issuer on each vesting date. As of September 2, 2025, 333,333 shares subject to the 2024 RSUs were vested, and 666,667 shares are unvested.
[F2]On May 1, 2024, the Reporting Person inadvertently filed a Form 3 that reported the RSUs. This filing serves to disclose the RSUs on a Form 4.
[F3]The shares subject to the Restricted Stock Unit vest in equal increments on the last day of every month over 36 months, beginning on March 31, 2025, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
[F4]Under the Employment Agreement and subject to the terms of the Issuer's 2021 Equity Incentive Plan (the "Plan"), the Reporting Person was granted up 1,250,000 RSUs under the Plan, that vest pursuant to certain milestones set forth by the Issuer.

Documents

1 file