Biolargo director granted stock options for fees
Biolargo, Inc. director Linda Park received a stock option grant as board compensation.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Biolargo, Inc. director Linda Park received a stock option grant as board compensation. On the reported date, she was granted an option to purchase 115,741 shares of common stock at an exercise price of $0.162 per share, expiring on March 31, 2036.
The footnote explains this option was issued in lieu of $18,750 in cash fees for her most recently completed quarterly board service, under Biolargo’s 2024 Equity Incentive Plan. Following this grant, her directly held derivative position is reported as 1,381,502 option-linked shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 115,741 | $0.00 | $0.00 |
Footnotes (1)
- F1. This Option was issued to Reporting Person as payment for $18,750 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. The number of shares in the Option is equal to the amount of fees due divided by the exercise price of the Option.
Key Figures
Key Terms
Option to Purchase Common Stock financial
2024 Equity Incentive Plan financial
Grant, award, or other acquisition financial
derivative financial
FAQ
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What insider transaction did Biolargo (BLGO) director Linda Park report?
What is the exercise price and expiration date of Linda Park’s Biolargo options?
How was Linda Park’s Biolargo (BLGO) option grant linked to her board fees?
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