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

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

Summary

• Richard Blackstone, a Director and 10% Owner of MDWerks, Inc. (MDWK), filed an amended Form 4 (Form 4/A).
• The purpose of this amendment 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.
• On December 3, 2024, Blackstone acquired 100,000 shares of common stock at a price of $0.16 per share. This was an initial grant issued upon the execution of an Employment Agreement between Blackstone and MDWerks.
• On January 29, 2025, Blackstone acquired an additional 71,429 shares of common stock at a price of $0.12 per share. This represents a quarterly grant pursuant to the same Employment Agreement.
• Following these reported transactions, Richard Blackstone directly beneficially owns a total of 671,429 shares of MDWerks common stock.

Sentiment

Score: 5

Explanation: Neutral. The document is a routine amendment to correct previously reported insider transactions. It does not indicate positive or negative operational performance, but rather administrative correction.

Positives

• Director Richard Blackstone's increased beneficial ownership aligns his interests with those of the company's shareholders.
• The share grants are part of a structured employment agreement, indicating a clear compensation plan for a key insider.

Negatives

• The necessity for an amendment suggests an initial error in reporting, which, while corrected, highlights a minor administrative inaccuracy in the original filing.

Risks

• Potential for minor administrative errors in SEC filings, though this instance was promptly corrected.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the reporting of past transactions and corrections.

Management Comments

• The document does not contain direct quotes or paraphrased statements from company management, only the signature of the reporting person, Richard Blackstone.

Industry Context

This filing is a routine insider transaction report (Form 4/A) and does not provide broader industry context or trends. It reflects an individual director's equity compensation and ownership changes within MDWerks, Inc.

Comparison to Industry Standards

• This document is a specific insider transaction report and does not contain information suitable for comparison to industry-wide financial benchmarks or specific comparable companies/projects. It details individual equity compensation.

Stakeholder Impact

• Shareholders: Increased transparency regarding director ownership and correction of previous reporting. The director's increased stake aligns interests.

Key Dates

Keywords

MDWerks, MDWK, Richard Blackstone, Form 4/A, SEC filing, beneficial ownership, insider transaction, director, equity compensation, stock grant