<SEC-DOCUMENT>0001654954-24-005406.txt : 20240501
<SEC-HEADER>0001654954-24-005406.hdr.sgml : 20240501
<ACCEPTANCE-DATETIME>20240501161013
ACCESSION NUMBER:		0001654954-24-005406
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240422
FILED AS OF DATE:		20240501
DATE AS OF CHANGE:		20240501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gannon Chris M
		CENTRAL INDEX KEY:			0001645284
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41420
		FILM NUMBER:		24903065

	MAIL ADDRESS:	
		STREET 1:		1717 DOOLITTLE DRIVE
		CITY:			SAN LEANDRO
		STATE:			CA
		ZIP:			94577

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			374Water Inc.
		CENTRAL INDEX KEY:			0000933972
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				880271109
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		701 W. MAIN STREET
		STREET 2:		SUITE 410
		CITY:			DURHAM
		STATE:			NC
		ZIP:			27701
		BUSINESS PHONE:		919-888-8194

	MAIL ADDRESS:	
		STREET 1:		3710 SHANNON RD #51877
		STREET 2:		SUITE 410
		CITY:			DURHAM
		STATE:			NC
		ZIP:			27717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POWERVERDE, INC.
		DATE OF NAME CHANGE:	20080820

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VYREX CORP
		DATE OF NAME CHANGE:	19951206
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>section16.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2024-04-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000933972</issuerCik>
        <issuerName>374Water Inc.</issuerName>
        <issuerTradingSymbol>SCWO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001645284</rptOwnerCik>
            <rptOwnerName>Gannon Chris M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O 374WATER INC.</rptOwnerStreet1>
            <rptOwnerStreet2>701 W. MAIN STREET, SUITE 410</rptOwnerStreet2>
            <rptOwnerCity>DURHAM</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>27701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>CEO and President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.001 par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2250000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Option to Purchase Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.25</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2034-04-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.001 par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5250000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Restricted Stock Units (the &quot;RSUs&quot;) and Option to Purchase Common Stock reported herein were granted to the Reporting Person on April 22, 2024 pursuant to his Employment Agreement (the &quot;Employment Agreement&quot;), dated as of April 19, 2024 and effective as of April 22, 2024 (the &quot;Effective Date&quot;).</footnote>
        <footnote id="F2">Under the Employment Agreement and subject to the terms of the Issuer's 2021 Equity Incentive Plan (the &quot;Plan&quot;), the Reporting Person was granted up to 2,250,000 RSUs under the Plan, vesting as follows: (a) 250,000, on the first annual anniversary of the Effective Date; (b) 750,000, in equal increments on the last day of every month thereafter over the following 36 months, subject to the Reporting Person's continued employment with the Issuer on each vesting date; and (c) 1,250,000, pursuant to certain milestones set forth by the Issuer.</footnote>
        <footnote id="F3">The Option to Purchase Common Stock vest as follows: (a) 625,000, on the first annual anniversary of the Effective Date; (b) 1,875,000, in equal installments on the last day of every month thereafter over the following 36 months subject to the Reporting Person's continued employment with the Issuer on each vesting date; and (c) 2,750,000, pursuant to certain milestones set forth by the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Chris M. Gannon</signatureName>
        <signatureDate>2024-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
