WTER Alkaline Water Company Inc

FORM 4 ☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * GUARINO DAVID	2. Issuer Name and Ticker or Trading Symbol ALKALINE WATER Co INC [ WTER ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) CFO, Secretary and Treasurer
(Last)          (First)          (Middle) 19039 N. 90TH LANE	3. Date of Earliest Transaction (MM/DD/YYYY) 5/16/2023
(Street) PEORIA, AZ 85382	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)	Rule 10b5-1(c) Transaction Indication ☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								168953 (6)	D
Common Stock	5/16/2023		A		8333	A	(5)	177286	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$7.95 (6)							4/3/2020 (1)	4/2/2030	Common	10000 (6)		10000 (6)	D
Stock Options	$16.35 (6)							3/31/2021 (2)	3/31/2031	Common	13333 (6)		23333 (6)	D
Stock Options	$7.65 (6)							8/23/2023 (3)	8/23/2032	Common	16666 (6)		39999 (6)	D
Stock Options	$3.75 (6)							11/16/2023 (4)	11/16/2032	Common	6666 (6)		46665 (6)	D

Explanation of Responses:
(1)	50% vest on April 3, 2020 (the Date of Grant) and 50% vest on the one year anniversary of the Date of Grant.
(2)	50% vested on March 31, 2021 and 50% vest on March 31, 2022.
(3)	50% vest on August 23, 2023 and 50% vest on August 23, 2024.
(4)	50% vest on November 16, 2023 and 50% vest on November 16, 2024.
(5)	These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.
(6)	Reflects the reverse split on the basis of 15:1 which became effective on April 5, 2023.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GUARINO DAVID 19039 N. 90TH LANE PEORIA, AZ 85382	X		CFO, Secretary and Treasurer

Signatures
/s/ David Guarino		5/18/2023
**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 4(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.
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