SCWO · 374Water, Inc.

This filing formalizes Daniel Bogar’s role as President and CEO of 374Water, Inc., following his appointment on February 23, 2026. The agreement provides clarity on executive compensation, governance alignment, and succession planning — all critical for investor confidence in a growth-stage company. The $225,000 base salary is modest relative to peers in the water technology sector, suggesting cost discipline, while the 100% target bonus and dual-metric (operational + strategic) design emphasize balanced execution. The equity package — totaling 350,000 shares across options and RSUs — is substantial and structured to retain leadership through a two-year vesting horizon, with immediate 25% vesting signaling recognition of prior service. Severance provisions are standard for public-company CEOs but include a notable condition: Bogar forfeits severance if retained in another senior role with <10% reduction in compensation, reinforcing that the benefits are tied specifically to his CEO tenure. No financial results, debt, acquisition, or shareholder vote disclosures are present, limiting broader financial implications. As this is a standalone executive arrangement with no earnings, capital event, or regulatory trigger, materiality is assessed as MEDIUM — relevant for governance and leadership risk assessment, but not transformative to the company’s financial trajectory or capital structure.