Meyers Brad Ian 4
4 · 374Water Inc. · Filed May 22, 2024
Insider Transaction Report
Form 4
374Water Inc.SCWO
Meyers Brad Ian
Chief Operating Officer
Transactions
- Award
Option to Purchase Common Stock
2024-05-16+231,000→ 231,000 totalExercise: $1.30Exp: 2034-05-16→ Common Stock, $0.001 par value (231,000 underlying) - Award
Restricted Stock Units
2024-05-16+231,000→ 231,000 totalExercise: $0.00→ Common Stock, $0.001 par value (231,000 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units (the "RSUs") and Option to Purchase Common Stock (the "Options) reported herein were granted to the Reporting Person on May 16, 2024 (the "Effective Date") pursuant to his Employment Agreement (the "Employment Agreement").
- [F2]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 to 231,000 RSUs under the Plan, vesting as follows: (a) with respect to 115,500 RSUs, 25% shall vest on the first anniversary of the Effective Date (as defined in the Employment Agreement), and the remaining 75% shall vest in equal increments over the following 36 months; and (b) with respect to the remaining 115,500 RSUs, each shall vest in accordance with the Company milestones set forth by the Issuer.
- [F3]Under the Employment Agreement and subject to the terms of the Plan, the Reporting Person was granted up to 231,000 Options under the Plan, vesting as follows: (a) with respect to 115,500 Options, 25% shall vest on the first anniversary of the Effective Date, and the remaining 75% shall vest in equal increments over the following 36 months; and (b) with respect to the remaining 115,500 Options, each shall vest in accordance with the Company milestones set forth by the Issuer.