0001654954-24-005406.txt : 20240501
0001654954-24-005406.hdr.sgml : 20240501
20240501161013
ACCESSION NUMBER: 0001654954-24-005406
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240422
FILED AS OF DATE: 20240501
DATE AS OF CHANGE: 20240501
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gannon Chris M
CENTRAL INDEX KEY: 0001645284
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41420
FILM NUMBER: 24903065
MAIL ADDRESS:
STREET 1: 1717 DOOLITTLE DRIVE
CITY: SAN LEANDRO
STATE: CA
ZIP: 94577
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: 374Water Inc.
CENTRAL INDEX KEY: 0000933972
STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621]
ORGANIZATION NAME: 04 Manufacturing
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
3
1
section16.xml
FORM 3
X0206
3
2024-04-22
0
0000933972
374Water Inc.
SCWO
0001645284
Gannon Chris M
C/O 374WATER INC.
701 W. MAIN STREET, SUITE 410
DURHAM
NC
27701
true
CEO and President
Restricted Stock Units
0
Common Stock, $0.001 par value
2250000
D
Option to Purchase Common Stock
1.25
2034-04-22
Common Stock, $0.001 par value
5250000
D
The Restricted Stock Units (the "RSUs") and Option to Purchase Common Stock 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").
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 2,250,000 RSUs under the Plan, vesting as follows: (a) 250,000, on the first annual anniversary of the Effective Date; (b) 750,000, 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; and (c) 1,250,000, pursuant to certain milestones set forth by the Issuer.
The Option to Purchase Common Stock vest as follows: (a) 625,000, on the first annual anniversary of the Effective Date; (b) 1,875,000, in equal installments 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; and (c) 2,750,000, pursuant to certain milestones set forth by the Issuer.
/s/ Chris M. Gannon
2024-05-01