4/A: MDWerks Director Amends SEC Filing to Correct Share Ownership Data

MDWerks, Inc. Director Timothy Brocopp filed an amended Form 4 to correct previously reported share acquisitions and total beneficial ownership.

Summary

• Timothy Brocopp, a Director of MDWerks, Inc. (MDWK), filed an amended Form 4 to correct previously reported share transactions.
• The amendment clarifies the amount of shares awarded on January 29, 2025, and the total beneficial ownership as of March 28, 2025.
• On November 18, 2024, Brocopp acquired 100,000 shares of common stock at $0.1 per share, representing an initial grant under his Employment Agreement.
• On January 29, 2025, he acquired an additional 71,429 shares of common stock at $0.12 per share, a quarterly grant also pursuant to his Employment Agreement.
• Following the November 18, 2024 transaction, his direct beneficial ownership was 2,766,666 shares.
• Following the January 29, 2025 transaction, his direct beneficial ownership increased to 2,838,095 shares.
• All share grants were approved by the Issuer's board of directors and issued in accordance with Rule 16b-3.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to insider share acquisition, indicating alignment of interests. However, the need for an amendment due to a prior administrative error prevents a higher score.

Positives

• A Director, Timothy Brocopp, increased his direct beneficial ownership in the company through share grants, aligning his interests with shareholders.
• The share grants were approved by the board of directors, indicating formal corporate governance oversight.

Negatives

• The need for an amendment (Form 4/A) indicates an initial administrative error in reporting.

Future Outlook

No explicit forward-looking statements or guidance are provided beyond the nature of the quarterly grant, which implies ongoing compensation.

Management Comments

• This Form 4 is an amendment to the original Form 4 of the Reporting Person, filed on March 28, 2025. The purpose is to correct the amount of shares awarded on January 29, 2025, and the total amount of securities beneficially owned as of March 28, 2025.

Industry Context

This filing is specific to an individual's share ownership and does not provide broader industry context.

Corporate Governance

Related Party Transactions

• Grant of common stock to Director Timothy Brocopp as part of his Employment Agreement, approved by the board of directors.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to direct share ownership.

Next Steps

• Continued quarterly grants of common stock to Timothy Brocopp as per the Employment Agreement (implied).

Key Dates

Keywords

MDWerks Inc., MDWK, Timothy Brocopp, Form 4/A, SEC filing, beneficial ownership, insider transaction, common stock, share acquisition, director, employment agreement, corporate governance