Form 4 for SCWO 374Water Inc.

Accepted 2023-04-20 00:00:00 ET · period of report 2023-04-18 · accession 0001654954-23-005022 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-04-20	2023-04-18	SCWO	Abitbol Israel David	CFO	A - Grant	$0.00	+10.0K	402.7K	+3%	$0
D	2023-04-20	2023-04-18	SCWO	Abitbol Israel David	CFO	A - Grant	$0.00	+150.0K	150.0K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-04-18	A	A	10,000	$0.00	402,716	D	—	—	(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.
2	Derivative	Option to Purchase Common Stock	2023-04-18	A	A	150,000	$0.00	150,000	D	$3.56 · — to —	150,000 Common Stock	(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.