374Water Insider Amends Form 4, Confirms 51.6K Share Sale
Rhea-AI Filing Summary
374Water Inc. (SCWO) – Amended Form 4 filing
The filing corrects a previously reported insider transaction by 10% owner Yaacov Nagar. On 18 June 2025 Mr. Nagar sold 51,598 common shares in open-market transactions at a weighted-average price of $0.402 per share (individual trade prices ranged from $0.400 to $0.402). The amendment clarifies that the earlier Form 4 overstated the disposition as 57,650 shares.
Following this sale, the insider’s direct beneficial ownership stands at 36,181,237 common shares. No derivative securities were reported, and there were no purchases. The transaction represents approximately 0.14 % of Mr. Nagar’s post-transaction holdings, implying a modest change in ownership.
No other changes to ownership structure, executive roles, or company operations were disclosed in the filing.
Positive
- None.
Negative
- Insider disposition: 51,598 common shares were sold by a 10 % owner, indicating a slight reduction in insider ownership.
Insights
TL;DR: Minor amended insider sale; limited impact on SCWO valuation.
The amendment merely corrects the quantity of shares sold by a 10 % owner from 57,650 to 51,598. The cash value (~$21k) and the fractional reduction in stake (≈0.14 %) are small relative to the insider’s 36.2 million-share position and SCWO’s float. No new information on company fundamentals, guidance, or strategic actions appears. Consequently, the disclosure is informational, with negligible financial or governance ramifications for shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 51,598 | $0.402 | $21K |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $0.400 to $0.402 The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This Form 4 amends the Form 4 filed on 6/18/2025 to correct the amount of common stock sold. The number of common stock sold was inadvertently reported as 57,650 shares; the correct amount of common stock sold was 51,598.