SCWorx Corp. — Director's Dealing 2019

Feb 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCWorx Corp. (WORX)
CIK: 0001674227
Period of Report: 2019-02-13

Reporting Person: Schessel Marc Sanford (Director, CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-13	Restricted Stock Units (common stock)	A	75000	—	Acquired	75000	Direct
2019-02-13	Restricted Stock Units (common stock)	A	25000	—	Acquired	25000	Direct
2019-02-13	Restricted Stock Units (common stock)	A	25000	—	Acquired	25000	Direct
2019-02-13	Restricted Stock Units (common stock)	A	25000	—	Acquired	25000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.001 par value	1032603	Direct
Common Stock, $.001 par value	197820	Indirect

Footnotes

F1: Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.

F2: These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.

F3: These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.

F4: These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of $20 per share for 15 consecutive trading days.

F5: These RSUs vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.

F6: The Issuer granted these RSUs to the reporting person in consideration for services to be rendered to the Issuer.