Biolargo Director Receives 110,294 Options; Holdings Now 1.16M
Rhea-AI Filing Summary
Linda Park, a director of Biolargo, Inc. (BLGO), received 110,294 stock options on 09/30/2025 at a $0.17 exercise price that vest/exercise beginning 09/30/2025 and expire 09/30/2035. The filing shows she now directly beneficially owns 1,164,025 shares of common stock after the reported transaction. The options were issued as payment for $18,750 of board fees under the Issuer's 2024 Equity Incentive Plan. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/02/2025.
Positive
- Director alignment: Linda Park received equity tied to board service, aligning interests with shareholders
- Clear disclosure: Filing reports exact option grant (110,294) and post-transaction holdings (1,164,025)
- Cash conservation: $18,750 in fees were paid via options, preserving issuer cash
Negative
- None.
Insights
Director received equity-based compensation tied to board service.
The report documents a non-cash option grant to a director as payment for $18,750 of board fees under the company’s 2024 Equity Incentive Plan, aligning director remuneration with shareholder outcomes. The director’s reported beneficial ownership of 1,164,025 shares is now explicit in public records, which is relevant for evaluating insider alignment and voting power.
Options granted have a low exercise price and a long ten-year term.
The options carry a $0.17 exercise price and expire 09/30/2035, indicating long-dated incentive compensation. The grant size of 110,294 options was provided in lieu of $18,750 cash fees, showing the company uses equity to conserve cash while compensating directors.