SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CROXALL DOUGLAS B

(Last)

(First)

(Middle)

C/O CROWN ELECTROKINETICS CORP.

1110 NE CIRCLE BLVD.

(Street)

CORVALLIS

97330

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/28/2021

3. Issuer Name and Ticker or Trading Symbol
Crown Electrokinetics Corp. [ CRKN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock⁽¹⁾	1,829,294	I	In Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Call Option⁽²⁾	⁽³⁾	02/28/2028	Common Stock	166,666	$0.15	D
Call Option⁽²⁾	⁽³⁾	01/17/2029	Common Stock	250,000	$1.2	D
Call Option⁽²⁾	⁽³⁾	04/13/2030	Common Stock	1,083,333	$2.25	D
Call Option⁽²⁾	⁽⁴⁾	12/30/2030	Common Stock	1,381,967	$3.6	D
Call Option⁽⁵⁾	⁽⁴⁾	12/30/2030	Common Stock	485,371	$3.6	D

Explanation of Responses:

1. Consists of 1,302,628 shares of restricted stock, all of which has vested.

2. Granted pursuant to the Issuer's 2016 Equity Incentive Plan.

3. Options to purchase shares of the Issuer's Common Stock have vested and are currently exercisable.

4. Options to purchase shares of the Issuer Common Stock granted on December 30, 2020 vest thirty (30) days after the date of such grant.

5. Granted pursuant to the Issuer's 2020 Employee Incentive Plan

	/s/ Doug Croxall	01/29/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.