May 16, 2024 · Form 4 insider transaction
Meyers Brad Ian bought 231,000 shares of 374WATER INC at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 6 days after the transaction.
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").; 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.