BioLargo (BLGO) director granted options in lieu of $18,750 cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioLargo director Christina Elaine Bray received a grant of options to purchase 165,198 shares of common stock. The options have an exercise price of $0.1135 per share and were granted as compensation for $18,750 in board fees for the most recently completed quarter under the 2024 Equity Incentive Plan.
Following this grant, she holds options covering a total of 1,546,700 shares. This is a compensation-related award rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bray Christina Elaine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 165,198 | $0.00 | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 1,546,700 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 165,198 shares
Exercise price: $0.1135 per share
Board fees paid in options: $18,750
+2 more
5 metrics
Option grant size
165,198 shares
Options to purchase common stock granted June 30, 2026
Exercise price
$0.1135 per share
Strike price for the new stock options
Board fees paid in options
$18,750
Quarterly director fees satisfied via option grant
Total options after grant
1,546,700 shares
Total option holdings following this transaction
Option expiration
June 30, 2036
Expiration date of the granted options
Key Terms
Option to Purchase Common Stock, 2024 Equity Incentive Plan, Grant, award, or other acquisition, derivative security
4 terms
Option to Purchase Common Stock financial
"security_title: "Option to Purchase Common Stock""
2024 Equity Incentive Plan financial
"pursuant to the Issuer's 2024 Equity Incentive Plan"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
derivative security financial
"transaction_type: "derivative" for the option grant"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did BioLargo (BLGO) director Christina Elaine Bray report on this Form 4?
Christina Elaine Bray reported receiving an option grant for 165,198 shares of BioLargo common stock. The grant is a compensation award for her board service, not an open-market stock purchase or sale, and is documented as a derivative security transaction.
What is the exercise price and term of Christina Bray’s BioLargo (BLGO) stock options?
The options have an exercise price of $0.1135 per share and expire on June 30, 2036. This means she may choose to buy BioLargo shares at $0.1135 any time before that expiration date, subject to the plan’s terms and vesting conditions.
Why did BioLargo (BLGO) grant these options to director Christina Bray?
The options were issued as payment for $18,750 in fees owed for her board service in the most recently completed quarter. Under BioLargo’s 2024 Equity Incentive Plan, directors can receive equity awards instead of cash, aligning compensation with shareholder interests.
What are Christina Bray’s total BioLargo (BLGO) option holdings after this grant?
After this grant, Christina Bray holds options covering 1,546,700 shares of BioLargo common stock. This figure reflects her derivative equity position as reported in the filing and shows her ongoing incentive tied to the company’s long-term performance.