Filing Details
- Accession Number:
- 0001213900-21-038335
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-07-23 15:03:40
- Reporting Period:
- 2021-07-21
- Accepted Time:
- 2021-07-23 15:03:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1674227 | Scworx Corp. | WORX | Services-Miscellaneous Amusement & Recreation (7990) | 475412331 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1767842 | Sanford Marc Schessel | 4 Jacobs Lane New Paltz NY 12561 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2021-07-21 | 150,000 | $2.43 | 359,613 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, $.001 Par Value | 862,606 | Direct | |
| Common Stock, $.001 Par Value | 197,820 | Indirect | See Footnote |
| Restricted Stock Units | 75,000 | Direct | |
| Restricted Stock Units | 25,000 | Direct | |
| Restricted Stock Units | 25,000 | Direct | |
| Restricted Stock Units | 25,000 | Direct | |
| Restricted Stock Units | 80,000 | Direct | |
| Restricted Stock Units | 319,000 | Direct | |
| Restricted Stock Units | 20,000 | Direct |
Footnotes
- Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.
- These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.
- These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.
- These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of$20 per share for 15 consecutive trading days.
- These RSU s vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.
- The Restricted Stock Units vested in full on 09/17/20.
- The Restricted Stock Unites vest in 12 quarterly tranches beginning September 30, 2020
- The Restricted Stock Units vested in full on 09/17/20.
Billionaire Hedge Funds
