James P. Geiskopf - Jul 22, 2022 Form 4 Insider Report for METAWORKS PLATFORMS, INC. (MWRK)

Role
Secretary Treasurer, Director, 10%+ Owner
Signature
/s/ James Geiskopf
Stock symbol
MWRK
Transactions as of
Jul 22, 2022
Transactions value $
$1,114,000
Form type
4
Date filed
8/29/2022, 12:57 PM
Previous filing
Jan 31, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MWRK Common Shares 2.64M Jul 22, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MWRK Stock Options Other -$468K -400K -50% $1.17* 400K Jul 22, 2022 Common Stock 400K $1.17 Direct F1, F5
transaction MWRK Stock Options Other -$870K -750K -65.22% $1.16* 400K Jul 22, 2022 Common Stock 750K $1.16 Direct F3, F5
transaction MWRK Stock Options Award $2.55M +2.2M +550% $1.16* 2.6M Aug 26, 2022 Common Stock 2.2M $0.09 Direct F4
transaction MWRK Warrants Expiration of short derivative position -$100K -1M -100% $0.10 0 Jun 12, 2022 Common Stock 1M $0.10 Direct F2
holding MWRK Stock Options 400K Jul 22, 2022 Common Stock 400K $0.10 Direct F1
holding MWRK Stock Options 800K Jul 22, 2022 Common Stock 400K $1.17 Direct F1
holding MWRK Stock Options 1.15M Jul 22, 2022 Common Stock 750K $1.16 Direct F3
holding MWRK Warrants 1M Jul 22, 2022 Common Stock 1M $0.10 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest as follows: (i) 1/3 on date of grant, (ii) 1/3 on the first anniversary of date of grant and (iii) 1/3 on the second anniversary of date of grant.
F2 Canadian dollars.
F3 The options vest to 1/3 on June 15, 2021, 1/3 on June 15, 2022 and 1/3 on June 15, 2023.
F4 The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023.
F5 These options were cancelled pursuant to an Option Cancellation Agreement dated July 22, 2022.