0001654954-24-006781.txt : 20240522
0001654954-24-006781.hdr.sgml : 20240522
20240522160717
ACCESSION NUMBER: 0001654954-24-006781
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240516
FILED AS OF DATE: 20240522
DATE AS OF CHANGE: 20240522
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Meyers Brad Ian
CENTRAL INDEX KEY: 0002000149
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41420
FILM NUMBER: 24973278
MAIL ADDRESS:
STREET 1: 2505 FOREST RUN DR.
CITY: MELBOURNE
STATE: FL
ZIP: 32935
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
4
1
section16.xml
FORM 4
X0508
4
2024-05-16
0000933972
374Water Inc.
SCWO
0002000149
Meyers Brad Ian
C/O 374WATER INC.
701 W. MAIN STREET, SUITE 410
DURHAM
NC
27701
true
Chief Operating Officer
false
Restricted Stock Units
0
2024-05-16
4
A
false
231000
0
A
Common Stock, $0.001 par value
231000
231000
D
Option to Purchase Common Stock
1.30
2024-05-16
4
A
false
231000
0
A
2034-05-16
Common Stock, $0.001 par value
231000
231000
D
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.
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.
/s/ Brad Ian Meyers
2024-05-22