0001654954-23-005022.txt : 20230420
0001654954-23-005022.hdr.sgml : 20230420
20230420192425
ACCESSION NUMBER: 0001654954-23-005022
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230418
FILED AS OF DATE: 20230420
DATE AS OF CHANGE: 20230420
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Abitbol Israel David
CENTRAL INDEX KEY: 0001909325
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41420
FILM NUMBER: 23834223
MAIL ADDRESS:
STREET 1: 12505 BOONE HALL COURT
CITY: RALEIGH
STATE: NC
ZIP: 27614
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: 374Water Inc.
CENTRAL INDEX KEY: 0000933972
STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621]
IRS NUMBER: 880271109
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 701 W. MAIN STREET
STREET 2: SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27701
BUSINESS PHONE: 919-888-8194
MAIL ADDRESS:
STREET 1: 3710 SHANNON RD #51877
STREET 2: SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27717
FORMER COMPANY:
FORMER CONFORMED NAME: POWERVERDE, INC.
DATE OF NAME CHANGE: 20080820
FORMER COMPANY:
FORMER CONFORMED NAME: VYREX CORP
DATE OF NAME CHANGE: 19951206
4
1
section16.xml
PRIMARY DOCUMENT
X0407
4
2023-04-18
0000933972
374Water Inc.
SCWO
0001909325
Abitbol Israel David
C/O 374WATER INC.
701 W. MAIN STREET, SUITE 410
DURHAM
NC
27701
false
true
false
false
Chief Financial Officer
false
Common Stock
2023-04-18
4
A
false
10000
0
A
402716
D
Option to Purchase Common Stock
3.56
2023-04-18
4
A
false
150000
0
A
Common Stock
150000
150000
D
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.
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.
/s/ Israel D. Abitbol
2023-04-20