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SCWorx Corp. — Director's Dealing 2021
Jul 23, 2021
35486_dirs_2021-07-23_8ed1e1ec-5e56-4fc1-9f00-33ff3642758b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SCWorx Corp. (WORX)
CIK: 0001674227
Period of Report: 2021-07-21
Reporting Person: Schessel Marc Sanford (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-07-21 | Common Stock | S | 150000 | $2.43 | Disposed | 359613 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.001 par value | 862606 | Direct |
| Common Stock, $.001 par value | 197820 | Indirect |
| Restricted Stock Units | 75000 | Direct |
| Restricted Stock Units | 25000 | Direct |
| Restricted Stock Units | 25000 | Direct |
| Restricted Stock Units | 25000 | Direct |
| Restricted Stock Units | 80000 | Direct |
| Restricted Stock Units | 319000 | Direct |
| Restricted Stock Units | 20000 | 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 RSU s 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 vested in full on 09/17/20.
F7: The Restricted Stock Unites vest in 12 quarterly tranches beginning September 30, 2020
F8: The Restricted Stock Units vested in full on 09/17/20.