Gregory D. Trimarche - 03 Apr 2023 Form 4 Insider Report for Bitech Technologies Corp (BTTC)

Role: Director
Signature: /s/Gregory D. Trimarche
Issuer symbol: BTTC
Transactions as of: 03 Apr 2023
Transactions value $: $0
Form type: 4
Date filed: 05 Apr 2023, 16:15
Previous filing: 20 Jan 2023
Next filing: 29 Nov 2023
SEC: View on sec.gov

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	BTTC	Options (Right to Buy)	Award	$0	+5M	+100%	$0.00	10M	03 Apr 2023	Common Stock	5M	$0.03	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options subject to these grants vested 50% on the date of the grant, 50% on April 3, 2024 so long as the Reporting Person is providing services to the Issuer or one of its subsidiaries; provided, however, the vesting is subject to acceleration such that if the Reporting Person is terminated from his role without cause (as defined in the Stock Option) the number of shares subject to the Stock Option in the year of termination shall vest plus the number of shares that would have vested in the following year. In the event the Reporting Person's service as a member of the Issuer's Board of Directors is terminated with cause, the number of shares subject to the Stock Option in the year of termination shall vest.

Content

The options subject to these grants vested 50% on the date of the grant, 50% on April 3, 2024 so long as the Reporting Person is providing services to the Issuer or one of its subsidiaries; provided, however, the vesting is subject to acceleration such that if the Reporting Person is terminated from his role without cause (as defined in the Stock Option) the number of shares subject to the Stock Option in the year of termination shall vest plus the number of shares that would have vested in the following year. In the event the Reporting Person's service as a member of the Issuer's Board of Directors is terminated with cause, the number of shares subject to the Stock Option in the year of termination shall vest.