Director at Biolargo (BLGO) receives stock options as board pay
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Park Linda
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 115,741 | $0.00 | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 1,381,502 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 115,741 shares
Exercise price: $0.162 per share
Board fees satisfied: $18,750
+2 more
5 metrics
Option grant size
115,741 shares
Underlying common stock in new option grant
Exercise price
$0.162 per share
Exercise price of granted stock options
Board fees satisfied
$18,750
Fees replaced by stock option grant for quarterly service
Total derivative shares after grant
1,381,502 shares
Total shares underlying options following transaction
Option expiration date
March 31, 2036
Expiration of granted stock options
Key Terms
Option to Purchase Common Stock, 2024 Equity Incentive Plan, Grant, award, or other acquisition, derivative
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 financial
"transaction_type: "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did Biolargo (BLGO) director Linda Park report?
Linda Park reported receiving a stock option grant as compensation. She was granted options for 115,741 shares of Biolargo common stock, documented as a derivative acquisition on Form 4, rather than an open-market purchase or sale of existing shares.
What is the exercise price and expiration date of Linda Park’s Biolargo options?
The stock options granted to Linda Park have an exercise price of $0.162 per share and expire on March 31, 2036. These terms define the cost to acquire shares and the final date by which the options can be exercised.
How was Linda Park’s Biolargo (BLGO) option grant linked to her board fees?
The option was issued instead of $18,750 in cash fees owed for her most recent quarterly board service. The number of option shares equals the fee amount divided by the $0.162 exercise price, under Biolargo’s 2024 Equity Incentive Plan.
Is Linda Park’s Form 4 transaction in Biolargo stock a market buy or sell?
The filing shows a grant of derivative securities, not an open-market trade. Code “A” reflects a grant or award acquisition of options, issued as board compensation, rather than a discretionary purchase or sale of Biolargo common stock in the market.