MDWerks (MDWK) director receives 46,546-share equity grant as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blackstone Richard reported acquisition or exercise transactions in this Form 4 filing.
MDWerks, Inc. director Richard Blackstone received a grant of 46,546 shares of common stock at $0.13 per share. These shares were issued on a quarterly basis under his Employment Agreement and the MDWerks, Inc. 2025 Equity Incentive Plan, with board approval under Rule 16b-3. Following this compensation award, he directly holds 956,132 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blackstone Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46,546 | $0.13 | $6K |
Holdings After Transaction:
Common Stock — 956,132 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 46,546 shares
Grant price: $0.13 per share
Post-transaction holdings: 956,132 shares
+2 more
5 metrics
Shares granted
46,546 shares
Common stock grant on May 15, 2026
Grant price
$0.13 per share
Value per share for the common stock grant
Post-transaction holdings
956,132 shares
Total common shares directly held after grant
Transaction code
A (grant/award acquisition)
Indicates non-derivative equity compensation
Quarterly issuance
Employment-based grant
Issued on a quarterly basis under Employment Agreement
Key Terms
Employment Agreement, MDWerks, Inc. 2025 Equity Incentive Plan, Rule 16b-3
3 terms
Employment Agreement financial
"issued on a quarterly basis pursuant to the Employment Agreement entered into between Reporting Person and the Issuer"
MDWerks, Inc. 2025 Equity Incentive Plan financial
"issued under the MDWerks, Inc. 2025 Equity Incentive Plan"
Rule 16b-3 regulatory
"issued in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did MDWerks (MDWK) report for Richard Blackstone?
MDWerks reported that director Richard Blackstone received a grant of 46,546 shares of common stock. The award was issued as quarterly compensation under his Employment Agreement and the company’s 2025 Equity Incentive Plan, rather than as an open-market stock purchase.
Is Richard Blackstone’s MDWerks (MDWK) Form 4 transaction a market buy or compensation grant?
The Form 4 describes this as a grant or award acquisition, not a market purchase. Shares were issued on a quarterly basis under his Employment Agreement and the 2025 Equity Incentive Plan, indicating routine equity compensation rather than an open-market stock-buying decision.