Greenwave Technology Solutions, Inc.: insider trades · United States · SEC (Form 4)

About Greenwave Technology Solutions, Inc.

Greenwave Technology Solutions, Inc. (GWAV) is a U.S.-based small-cap company listed on the NASDAQ market in the United States, with a business model tied to the cyclical scrap and recycled-metals industry. The company was originally incorporated on April 26, 2013 under the name MassRoots, Inc. as a technology platform developer. In October 2021, it completed a strategic transformation and changed its corporate name to Greenwave Technology Solutions, Inc., marking a full exit from its former social-media-related business. Today, Greenwave is headquartered in Chesapeake, Virginia, United States. Greenwave’s core operations now focus on metal recycling. The company states that it operates recycling facilities across Virginia, North Carolina, and Ohio, giving it a regional footprint in the U.S. Southeast and Midwest. Its business involves collecting, sorting, shredding, and processing ferrous and non-ferrous scrap sourced from appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. Greenwave also highlights the sale of rare-earth metals and has been promoting its digital layer through Scrap App, an AI-enhanced platform tied to junk-car buying and sourcing. This digital initiative is intended to broaden sourcing channels and improve commercial reach. From a competitive standpoint, Greenwave operates in a fragmented but asset-intensive industry where economics depend on processing volumes, logistics efficiency, recovery rates, and commodity pricing. The company appears positioned as a regional specialist rather than a national heavyweight, which can support local execution and nimbleness, but also leaves it more exposed to regional supply conditions, industrial demand trends, and scrap-price volatility. Management commentary in 2024 and 2025 emphasized revenue growth potential, margin improvement when scrap prices strengthen, and the expansion of Scrap App into additional markets. Recent developments have been material for equity investors. In early 2025, Greenwave announced a capital raise through a registered direct offering and concurrent private placement. In March 2025, the company said its margins had expanded as scrap steel prices rose. During 2025, it also reported regaining compliance with Nasdaq’s minimum bid-price requirement, but later received a Nasdaq staff determination letter tied to filing delays, signaling ongoing listing-risk sensitivity. In February 2026, Greenwave announced the appointment of Chelsea Pullano as Chief Financial Officer, a notable governance and finance change. For French-, Belgian-, and Swiss-based investors, GWAV should be viewed as a highly event-driven and speculative small cap, where the investment case is driven by scrap spreads, execution in regional recycling operations, liquidity, and continued Nasdaq compliance rather than by stable long-term earnings visibility.