SCWorx Corp. — Director's Dealing 2020

Mar 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCWorx Corp. (WORX)
CIK: 0001674227
Period of Report: 2020-03-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-17	Restricted Stock Units (common stock)	A	80000	—	Acquired	80000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.001 par value	1032603	Direct
Common Stock, $.001 par value	197820	Indirect
Restricted Stock Units (common stock)	75000	Direct
Restricted Stock Units (common stock)	25000	Direct
Restricted Stock Units (common stock)	25000	Direct
Restricted Stock Units (common stock)	25000	Direct

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 Restricted Stock Units vest in full on 09/17/20.

F7: The RSUs were issued to the reporting person as compensation for serving as a director in 2020.