BLGO director granted 88,235 options at $0.17 — 09/30/2025
Jack B. Strommen, a director of BioLargo, Inc. (BLGO), received an option grant of 88,235 shares on 09/30/2025 under the company's 2024 Equity Incentive Plan.
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Rhea-AI Filing Summary
Jack B. Strommen, a director of BioLargo, Inc. (BLGO), received an option grant of 88,235 shares on 09/30/2025 under the company's 2024 Equity Incentive Plan. The option has an exercise price of $0.17 per share, is exercisable beginning 09/30/2025, and expires 09/30/2035. After this grant, Mr. Strommen directly beneficially owns 2,278,121 shares of common stock. The filing states the option was issued as payment for $15,000 of board fees for the most recently completed quarterly period. The Form 4 was signed by an attorney-in-fact on 10/02/2025 and is reported as an individual filing by one reporting person.
Positive
- Option issuance documented: 88,235 options granted on 09/30/2025 under the 2024 Equity Incentive Plan
- Cash conservation: $15,000 in board fees paid via equity instead of cash (explicitly stated)
Negative
- None.
Insights
Director received equity in lieu of cash fees: 88,235 options for $15,000 of board compensation.
The filing shows the company issued options under its 2024 Equity Incentive Plan to satisfy $15,000 in director fees, converting cash compensation into equity. This aligns director pay with shareholder outcomes by using a long-dated option (10-year term) with a $0.17 exercise price, which preserves cash for the company while creating potential future equity dilution if exercised.
Routine insider reporting of a director grant; ownership disclosure updated.
The Form 4 updates beneficial ownership to 2,278,121 shares and documents the transaction date of 09/30/2025. The report was filed individually and executed by an attorney-in-fact, following disclosure requirements for Section 16 insiders. No additional transactions or departures are disclosed in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 88,235 | $0.00 | $0.00 |
Footnotes (1)
- F1. This Option was issued to Reporting Person as payment for $15,000 in fees due to Reporting Person by Issuer in exchange for services on its board of directors for the most recently completed quarterly period, pursuant to the Issuer's 2024 Equity Incentive Plan.
FAQ
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What did BLGO director Jack B. Strommen receive on 09/30/2025?
Why was the option granted to the reporting person?
When was the Form 4 filed and who signed it?
Was this Form 4 filed by a single reporting person or jointly?
AI-generated analysis. How Rhea-AI works. Not financial advice.