David Timothy Tuerff, Chief Financial Officer of Air Water Ventures Ltd, filed a Form 4 on November 3, 2026, disclosing the grant of 1,051,809 restricted stock units and the withholding of 122,711 ordinary shares to cover tax obligations upon the first vesting installment.

Key Highlights

  • RSU Grant: Tuerff received 1,051,809 RSUs on November 1, 2026 under the Air Water Ventures Limited 2025 Equity Incentive Plan, each representing the right to one ordinary share at par value $0.0001.
  • Three-Year Vesting Schedule: The RSUs vest in three equal installments of 350,603 on each of November 1, 2026, November 1, 2027, and November 1, 2028, subject to continued employment or service.
  • First Installment Vested: 350,603 RSUs vested on November 1, 2026, triggering the tax withholding transaction reported in the filing.
  • Shares Withheld for Taxes: 122,711 ordinary shares were withheld by the issuer at $1.37 per share, the closing price on October 30, 2026, to satisfy tax withholding obligations.
  • Resulting Ownership: Following both transactions, Tuerff directly held 929,098 ordinary shares beneficially owned.
  • Foreign Private Issuer Exemption: The filing notes that because Air Water Ventures Ltd is a foreign private issuer under Rule 3a12-3(b), the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Act.

RSU Award and Share Withholding Details for CFO David Tuerff

According to the filing, Air Water Ventures Ltd (NASDAQ:WATR) granted its CFO, David Timothy Tuerff, 1,051,809 restricted stock units on November 1, 2026 under the company's 2025 Equity Incentive Plan. The filing states that each RSU represents the right to receive one ordinary share, par value $0.0001, upon vesting. The acquisition was recorded at a price of $0, reflecting the nature of the award as a grant rather than a purchase.

The filing discloses that the RSUs vest in three equal installments of 350,603 on November 1, 2026, November 1, 2027, and November 1, 2028, "subject to the reporting person's continued employment with or service to the Issuer through each applicable vesting date." On the November 1, 2026 vesting date, 350,603 RSUs vested immediately as the first installment.

In connection with that first vesting, the issuer withheld 122,711 ordinary shares to satisfy tax withholding obligations. The filing reports the price used for this calculation as $1.37 per share, described as "the closing price of the ordinary shares on October 30, 2026, the last trading day before the vesting date." After accounting for both the acquisition of 1,051,809 shares (via the RSU grant) and the disposition of 122,711 shares (via the tax withholding), Tuerff's direct beneficial ownership stands at 929,098 ordinary shares, according to the filing.

What Was Disclosed

The Form 4 filed on November 3, 2026, discloses an RSU grant of 1,051,809 units to Air Water Ventures CFO David Tuerff, the vesting of the first 350,603-unit installment on November 1, 2026, and the withholding of 122,711 shares at $1.37 for tax purposes, leaving Tuerff with 929,098 shares.