Nagar Amends 374Water Inc. 13D Filing

TL;DR

Nagar updated their 374Water stake filing on 10/31/24. Keep an eye on this.

AI Summary

Yaacov Nagar has amended their Schedule 13D filing for 374Water Inc. on October 31, 2024. The filing indicates a change in the beneficial ownership of the company's common stock. Nagar's address is listed as 3710 Shannon Road, Suite 51877, Durham, NC 27717.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in significant ownership or control of 374Water Inc., which could impact the stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes by major holders, which can lead to increased volatility.

Key Players & Entities

• Yaacov Nagar (person) — Filing person and beneficial owner
• 374Water Inc. (company) — Subject company
• October 31, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — INC. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o
• $3.56 — lan of 374Water at an exercise price of $3.56 per share, subject to a vesting schedul
• $1.77 — October 29, 2024 Sell 44,557 Shares $1.77 per share October 30, 2024 Sell 27,9
• $1.68 — October 30, 2024 Sell 27,915 Shares $1.68 per share 3 SIGNATURE After reason

Filing Documents

• nagar_sc13da.htm (SC 13D/A) — 30KB
• 0001654954-24-013564.txt ( ) — 32KB

Security and Issuer

Item 1. Security and Issuer

is amended and restated as follows

Item 1 is amended and restated as follows: This statement relates to shares of common stock, par value $.0001 per share (the "Common Stock"), of 374 Water Inc., a Delaware corporation (the "Shares"). The address of the principal executive office of the Issuer is 701 W. Main Street, Suite 410, Durham NC, 27701.

Identity and Background

Item 2. Identity and Background Items 2(b) and 2(c) are hereby amended and restated to read as follows: (b) The principal business address of the Reporting Person is 600 Park Offices Dr., Suite 300, Durham NC, 27709. (c) The principal occupation of the Reporting Person is as an engineer. The Reporting Person's business address is 600 Park Offices Dr., Suite 300, Durham NC, 27709.

Source and Amount of Funds or other Considerations

Item 3. Source and Amount of Funds or other Considerations.

is amended and restated to read as follows

Item 3 is amended and restated to read as follows: The consideration for the acquisition of the Shares was the conversion of the Reporting Person's 4880 shares of the common stock of 374Water, Inc., a Delaware corporation ("374Water") into 37,700,752 Shares of the Issuer pursuant to the merger reflected in the Agreement and Plan of Merger dated as of April 16, 2021, among the Issuer, 374Water and 374Water Acquisition Corp. (the "Merger"). On April 18, 2023, the Reporting Person was granted 10,000 shares of restricted common stock under the 2021 Equity Incentive Plan of 374Water. On April 18, 2023, the Reporting person was granted options to purchase 150,000 shares of common stock under the 2021 Equity Incentive Plan of 374Water at an exercise price of $3.56 per share, subject to a vesting schedule. As of the August 20, 2024, termination of the Reporting Person's employment with 374Water, 61,669 of those options were vested.

Interest in Securities of Issuer

Item 5. Interest in Securities of Issuer Items 5(a)-5(c) are amended and restated as follows: (a) See rows (11) and (13) of the cover page to this Schedule 13D/A for the number of shares of Common Stock and percentages of the Common Stock beneficially owned by the Reporting Person. The percentage is based on 132,725,652 shares of the Issuer's common stock outstanding as of August 12, 2024, as set forth in the Issuer's Form 10-Q filed on August 14, 2024. (b) See rows (7) through (10) of the cover page to this Schedule 13D/A for the number of shares of Common Stock the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) Since the filing of the Schedule 13D on May 11, 2021, the Reporting Person has effected the following transactions in the Common Stock, all of which were in the open market: October 29, 2024 Sell 44,557 Shares $1.77 per share October 30, 2024 Sell 27,915 Shares $1.68 per share 3 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 31, 2024 /s/ Yaacov Nagar Yaacov Nagar 4

View Full Filing

View this SC 13D/A filing on SEC EDGAR