374Water Inc. filings document material events for a cleantech environmental services company built around AirSCWO™ waste-destruction technology. Recent reports cover business updates tied to Waste Destruction Services, PFAS and organic-waste treatment activity, municipal facility licensing, operating results and the company’s commercial deployment strategy.
The filing record also discloses governance and capital-structure matters, including executive appointments, employment and compensation arrangements, board appointments, committee assignments, equity incentive awards under the 2021 Equity Incentive Plan, and officer changes. These disclosures connect formal reporting to the company’s AirSCWO operations, leadership structure and public-company governance.
374Water Inc. approved a detailed employment agreement with President and Chief Executive Officer Daniel Bogar. The contract sets an annual base salary of $225,000 and makes him eligible for an annual performance bonus targeted at up to 100% of base salary, pro-rated for 2026.
Subject to board approval, Bogar will receive stock options for 175,000 shares and a restricted stock unit award for 175,000 shares. Twenty-five percent of each award vests on the grant date, with the remaining 75% vesting in eight equal quarterly installments starting June 30, 2026, contingent on continued service.
If the company terminates him without Cause or he resigns for Good Reason, he is entitled to six months of base salary, six months of continued health coverage, certain earned and pro-rated bonuses, and six months of additional vesting on equity awards, provided he signs a separation and release agreement.
374Water Inc. filed Amendment No. 1 to its annual report to add Part III disclosures on governance, executive pay, ownership and auditor matters. The company reports an aggregate market value of non‑affiliate equity of $27.4 million as of June 30, 2025 and 17,441,368 common shares outstanding as of March 27, 2026.
The filing details leadership changes, including Daniel Bogar becoming Chief Executive Officer on February 23, 2026 and Adrienne Anderson serving as Interim Chief Financial Officer from March 2, 2026. For 2025, former CEO Christian Gannon earned total compensation of $578,125, while other named executives received significant stock and option awards.
Equity plans include 1,708,637 options outstanding and 904,474 securities remaining available for issuance. Beneficial ownership is concentrated, with Yaacov Nagar holding 3,211,263 shares, or 18.06%, and all current directors and officers as a group holding 3,194,023 shares, or 17.84%, based on 17,777,731 shares outstanding as of April 30, 2026.
The company discloses March 2026 related‑party financing via $800,000 of 10% convertible notes at a $5.00 conversion price, including purchases by directors Stephen McKnight and James Pawloski, along with associated warrants exercisable at $7.50. Audit and audit‑related fees to Cherry Bekaert LLP totaled $211,000 in 2025.
374Water Inc. shareholder Yaacov Nagar filed Amendment No. 3 to his Schedule 13D to reflect a major change in his holdings. He now beneficially owns 1,771,263 shares of common stock, representing 10.16% of the company’s outstanding shares.
The percentage is based on 17,441,368 shares outstanding as of March 27, 2026, after a 1-for-10 reverse split effective December 26, 2025. The amendment was triggered by Nagar’s disposition of 1,440,000 shares through private, no‑consideration transfers to two irrevocable trusts created for the benefit of other individuals, where he is neither trustee nor beneficiary and has no voting or dispositive power.
374Water Inc. major shareholder Yaacov Nagar reported a large share gift. On this Form 4, Nagar made a bona fide gift transfer of 1,440,000 shares of 374Water common stock at an indicated value of $2.48 per share.
After the gift, Nagar directly holds 1,771,263 shares of common stock. Because this was a gift rather than a market sale, it reflects a change in how the shares are held, not an open‑market transaction.
374Water Inc. appointed Richard H. Davis to its Board of Directors, effective April 10, 2026. Davis, age 69, previously served as a director from February 2008 to June 10, 2025 and was Chief Executive Officer of corporate predecessor PowerVerde Inc. from August 2011 to April 2021.
He brings more than two decades of investment banking experience focused on equity finance structuring and private acquisitions. As a non-employee director, he will receive standard board compensation, and the company expects to enter into a customary indemnification agreement with him.
Before rejoining the board, Davis coordinated with management on potential financing opportunities and plans to continue these efforts as a director. Any successful financing transactions he helps arrange are expected to exceed an aggregate of $120,000, and he may participate as an investor.
374Water reported full-year 2025 revenue of $0.2 million, down from $0.4 million, as equipment revenue fell while service revenue rose on several PFAS destruction demonstrations and its Orlando contract. Total operating expenses increased 58% to $18.8 million, driven by higher headcount, stock-based pay, G&A, and professional fees.
The company’s net loss widened to $21.0 million from $12.4 million, and cash and cash equivalents fell to $3.2 million with working capital of $1.7 million. Management highlighted new leadership, a focus on disciplined capital allocation, PFAS-focused deployments, and building an Orlando waste destruction hub to support future growth.
374Water Inc. develops and commercializes AirSCWO, a supercritical water oxidation technology designed to destroy organic waste, including PFAS “forever chemicals,” and convert them into water, minerals, and usable heat. The company targets municipal, federal, industrial and TSDF markets with mobile and modular systems and a Waste Destruction Services hub model.
Management highlights large addressable markets in water, wastewater and hazardous waste, plus recent deployments and contracts in Orlando, Detroit, Olathe and with U.S. defense-related entities. However, the business remains at an early commercialization stage with limited revenue, significant R&D needs, going concern uncertainty, material weaknesses in internal controls, intense competition and heavy dependence on future government and infrastructure spending.
374Water Inc. President and CEO Daniel T. Bogar has filed an initial ownership report on Form 3. He reports stock options to acquire 55,000 shares of Common Stock at an exercise price of $10.5000 per share, expiring on June 1, 2031. He also reports direct ownership of 77,327 shares of Common Stock and indirect ownership of 2,000 shares held by True G Capital, LLC, which is controlled by him and his spouse. These entries reflect existing holdings rather than new market transactions.
374Water Inc. investors file Amendment No. 3 to a Schedule 13D to report that their prior Section 13(d) “group” has been dissolved. The filing is characterized as an exit filing for the reporting persons.
Individually, Richard H. Davis reports beneficial ownership of 407,432 shares, or 2.4% of the common stock, and Bryce Allan Johnson reports 410,086 shares, also 2.4%. Other reporting persons each hold between 0.1% and 1.2% of the class. All percentages are based on 16,924,880 shares outstanding as of October 24, 2025, after a 1‑for‑10 reverse stock split effective December 26, 2025.
The amendment notes that Yaacov (Kobe) Nagar left the group on January 22, 2026, and that the issuer appointed Stephen H. McKnight to the board effective February 9, 2026 pursuant to an agreement between the issuer and Mr. Nagar. Each remaining reporting person has determined they are no longer acting as a group.