Cameron Chell - 22 Jul 2022 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (WAST)

Role
Director
Signature
/s/ Cameron Chell
Issuer symbol
WAST
Transactions as of
22 Jul 2022
Net transactions value
-$1,403,000
Form type
4
Filing time
29 Aug 2022, 15:25:43 UTC
Previous filing
31 Jan 2022
Next filing
09 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Shares 213,034 22 Jul 2022 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 Other $468,000 -400,000 -50% $1.17 400,000 22 Jul 2022 Common Stock 400,000 $1.17 Direct F1, F4
transaction MWRK Stock Options Other $1,160,000 -1,000,000 -71% $1.16 400,000 22 Jul 2022 Common Stock 1,000,000 $1.16 Direct F2, F4
transaction MWRK Stock Options Award $225,000 +2,500,000 +625% $0.0900 2,900,000 26 Aug 2022 Common Stock 2,500,000 $0.0900 Direct F3
holding MWRK Stock Option 400,000 22 Jul 2022 Common Stock 400,000 $0.1000 Direct F1
holding MWRK Stock Options 800,000 22 Jul 2022 Common Stock 400,000 $1.17 Direct F1
holding MWRK Stock Options 1,400,000 22 Jul 2022 Common 1,000,000 $1.16 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The options vest as to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
F3 The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023.
F4 These options were cancelled pursuant to an Option Cancellation Agreement dated July 22, 2022.