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