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Air Water Ventures withholds 96,996 COO shares for taxes

The withholding followed restricted stock unit vesting; the reported post-transaction position includes unvested restricted and performance-based units.

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Form Type
4

Rhea-AI Filing Summary

Air Water Ventures Ltd (WATR) reported that COO Ryan Patrick Bibbo had 96,996 ordinary shares withheld by the issuer on November 1, 2026, to satisfy tax withholding obligations arising upon restricted stock unit vesting. The reported price was $1.37 per share. Afterward, he reported 1,266,398 ordinary shares, including unvested restricted stock units and performance-based restricted stock units; each unit represents the right to receive one ordinary share.

Insider Bibbo Ryan Patrick
Role COO
Type Security Shares Price Value
Tax Withholding Ordinary Shares F1, F2 96,996 $1.37 $133K
Holdings After Transaction: Ordinary Shares — 1,266,398 shares (Direct)
Footnotes (2)
  1. F1. Represents ordinary shares withheld by the Issuer to satisfy tax withholding obligations arising upon the vesting of restricted stock units on November 1, 2026.
  2. F2. Includes restricted stock units and performance-based restricted stock units that remain unvested and were previously reported in Table I in the Reporting Person's Form 3, as amended. Each restricted stock unit and each performance-based restricted stock unit represents the right to receive one ordinary share of the Issuer.
Ordinary shares withheld 96,996 shares For tax withholding obligations arising upon restricted stock unit vesting on November 1, 2026
Reported price per share $1.37 per share Withholding transaction on November 1, 2026
Reported holdings after transaction 1,266,398 ordinary shares, including unvested restricted stock units and performance-based restricted stock units After the November 1, 2026 transaction
restricted stock units financial
"vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"performance-based restricted stock units that remain unvested"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"satisfy tax withholding obligations"

FAQ

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How many WATR shares did COO Ryan Patrick Bibbo have withheld?

On November 1, 2026, the issuer withheld 96,996 ordinary shares to satisfy tax withholding obligations arising upon restricted stock unit vesting. The reported price was $1.37 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bibbo Ryan Patrick

(Last)(First)(Middle)
4341 W. 108TH ST., SUITE 1

(Street)
HIALEAH FLORIDA 33018

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Air Water Ventures Ltd [ WATR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares11/01/2026F96,996(1)D$1.371,266,398(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents ordinary shares withheld by the Issuer to satisfy tax withholding obligations arising upon the vesting of restricted stock units on November 1, 2026.
2. Includes restricted stock units and performance-based restricted stock units that remain unvested and were previously reported in Table I in the Reporting Person's Form 3, as amended. Each restricted stock unit and each performance-based restricted stock unit represents the right to receive one ordinary share of the Issuer.
Remarks:
Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Act, the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.
/s/ Ryan Bibbo11/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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