Peter Carr, CEO and Director of Air Water Ventures Ltd, filed a Form 4 on November 3, 2026, disclosing that 131,964 ordinary shares were withheld by the issuer on November 1, 2026, to satisfy tax obligations upon the vesting of restricted stock units.

Key Highlights

  • Reporting person: Peter Carr, serving as CEO and Director of Air Water Ventures Ltd (NASDAQ:WATR).
  • Transaction type: Code F disposition, representing 131,964 ordinary shares withheld by the issuer to satisfy tax withholding obligations arising upon RSU vesting on November 1, 2026.
  • Price per share: $1.37, as stated in the filing.
  • Beneficial ownership following transaction: 1,721,160 ordinary shares held directly, per the filing.
  • Unvested units included: The post-transaction total includes restricted stock units and performance-based restricted stock units that remain unvested, each representing the right to receive one ordinary share.
  • Foreign private issuer exemption: The filing notes that, due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b), the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Act.

Tax Withholding Disposition by Air Water Ventures CEO Peter Carr

According to the Form 4 filed with the SEC on November 3, 2026, Peter Carr, the CEO and a Director of Air Water Ventures Ltd, reported a single non-derivative transaction dated November 1, 2026. The transaction involved 131,964 ordinary shares disposed of under transaction code F, which the filing describes as shares "withheld by the Issuer to satisfy tax withholding obligations arising upon the vesting of restricted stock units on November 1, 2026." The price attributed to this disposition was $1.37 per share.

Following the reported transaction, the filing states that Carr beneficially owned 1,721,160 ordinary shares directly. The filing clarifies that this total includes restricted stock units and performance-based restricted stock units that remain unvested and were previously reported in Table I of Carr's Form 3, as amended. Each restricted stock unit and each performance-based restricted stock unit, according to the filing, "represents the right to receive one ordinary share of the Issuer."

The filing also notes that Air Water Ventures Ltd operates as a foreign private issuer under Rule 3a12-3(b) of the Securities Exchange Act, and that as a result, Carr's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Peter Carr, CEO and Director of Air Water Ventures Ltd, disclosed a tax withholding disposition of 131,964 ordinary shares at $1.37 on November 1, 2026, leaving him with reported beneficial ownership of 1,721,160 shares, including unvested RSUs and performance-based RSUs.