Cameron Chell - 15 Mar 2021 Form 4 Insider Report for CurrencyWorks Inc. (WAST)

Signature
/s/ Cameron Chell
Issuer symbol
WAST
Transactions as of
15 Mar 2021
Net transactions value
+$1,160,000
Form type
4
Filing time
17 Jun 2021, 17:15:20 UTC
Next filing
25 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MWRK Common Stock Other -2,000,000 -100% 0 15 Mar 2021 Blockchain Fund GP Inc. F4
holding MWRK Common Stock 2,000,000 15 Mar 2021 Blockchain Fund GP Inc. F1
holding MWRK Common Stock 11,000 15 Mar 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MWRK Stock Options Award $1,160,000 +1,000,000 +125% $1.16 1,800,000 15 Jun 2021 Common Stock 1,000,000 $1.16 Direct F3
holding MWRK Stock Options 400,000 15 Mar 2021 Common Stock 400,000 $0.1000 Direct F2
holding MWRK Stock Options 800,000 15 Mar 2021 Common Stock 400,000 $1.17 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Cameron Chell has the sole power to vote or direct the vote, and to dispose or direct the disposition, of these shares.
F2 The options vest as follows: (i) 1/3 on date of grant, (ii) 1/3 on the first anniversary of date of grant and (iii) 1/3 on the second anniversary of date of grant.
F3 The options vest to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
F4 Cameron Chell resigned as a director of Blockchain Fund GP Inc. and therefore no longer has the power to vote or direct the vote, and to dispose or direct the disposition, of these shares.