Yaacov Nagar Reduces Stake in 374Water Inc. to 10.16% via Irrevocable Trust Transfers

Yaacov Nagar filed an Amendment No. 3 to Schedule 13D on April 30, 2026, reporting a significant reduction in his holdings of 374Water Inc. (SCWO). The reporting person disposed of 1,440,000 shares of Common Stock through private transfers to two irrevocable trusts: Future Water I and Future Water II. Each trust received 720,000 shares. These transfers were made for the benefit of other individuals and did not involve any monetary consideration. Because Mr. Nagar is neither a beneficiary nor a trustee of these irrevocable trusts, he no longer maintains voting or dispositive power over the transferred shares. Following these transactions, Mr. Nagar's ownership decreased from 3,211,263 shares (19.0%) to 1,771,263 shares, representing 10.16% of the company's outstanding common stock. This percentage is based on 17,441,368 shares outstanding as of March 27, 2026, accounting for a 1-for-10 reverse split that occurred in December 2025. No open market transactions were reported during the 90 days preceding this filing.