Ryan Patrick Bibbo, Chief Operating Officer of Air Water Ventures Ltd, filed a statement of changes in beneficial ownership on November 3, 2026, disclosing a disposition of ordinary shares tied to a restricted stock unit vesting event on November 1, 2026.

Key Highlights

  • Reporting person: Ryan Patrick Bibbo, Chief Operating Officer of Air Water Ventures Ltd (NASDAQ:WATR)
  • Transaction date: November 1, 2026, with the filing submitted November 3, 2026
  • Shares withheld: 96,996 ordinary shares disposed of under transaction code F at a price of $1.37 per share
  • Post-transaction ownership: 1,266,398 ordinary shares beneficially owned directly following the reported transaction
  • Nature of withheld shares: According to the filing, the shares were withheld by the issuer to satisfy tax withholding obligations arising upon the vesting of restricted stock units
  • Foreign private issuer exemption: The filing notes that due to Air Water Ventures Ltd's status as 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 Securities Exchange Act of 1934

COO Ryan Bibbo's RSU Vesting and Share Withholding at Air Water Ventures

According to the filing, 96,996 ordinary shares of Air Water Ventures Ltd were withheld by the issuer on November 1, 2026, to cover tax withholding obligations that arose upon the vesting of restricted stock units held by Ryan Patrick Bibbo, the company's Chief Operating Officer. The transaction was recorded under code F, which denotes shares withheld for taxes in connection with an equity award settlement. The price recorded for the withheld shares was $1.37 per ordinary share.

Air Water Ventures Ltd, trading on NASDAQ under the symbol WATR, is identified in the filing as a foreign private issuer. The company issues both restricted stock units and performance-based restricted stock units to its officers, each representing the right to receive one ordinary share upon vesting. The filing notes that Bibbo's post-transaction beneficial ownership of 1,266,398 ordinary shares includes restricted stock units and performance-based restricted stock units that remain unvested and were previously reported in a prior filing. All reported ownership is held directly by the reporting person.

The filing further states that because Air Water Ventures Ltd qualifies as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934, Bibbo's transactions in the issuer's equity securities are "exempt from Sections 16(b) and 16(c) of the Act." No derivative securities were reported as acquired or disposed of in connection with this filing.

What Was Disclosed

The filing disclosed a disposition of 96,996 ordinary shares by Air Water Ventures COO Ryan Patrick Bibbo on November 1, 2026, representing shares withheld by the issuer for tax obligations upon restricted stock unit vesting, leaving Bibbo with direct beneficial ownership of 1,266,398 ordinary shares.