BioLargo (BLGO) director receives 165,198-share option grant for board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioLargo director Linda Park received a stock option grant as board compensation. She was awarded options to purchase 165,198 shares of common stock at an exercise price of $0.1135 per share. After this grant, she holds options covering a total of 1,546,700 shares.
The option was issued in lieu of $18,750 in cash fees for her most recent quarterly board service, under BioLargo’s 2024 Equity Incentive Plan. This is a non-cash, compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Park Linda
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
Fees paid in options: $18,750
+3 more
6 metrics
Option grant size
165,198 shares
New option to purchase common stock granted on June 30, 2026
Exercise price
$0.1135 per share
Conversion or exercise price for the granted options
Fees paid in options
$18,750
Board fees converted into option grant for most recent quarter
Total options after grant
1,546,700 shares
Total derivative holdings following this transaction
Grant code
Transaction code A
Classified as grant, award, or other acquisition
Expiration date
June 30, 2036
Option expiration for the granted derivative
Key Terms
Option to Purchase Common Stock, Grant, award, or other acquisition, 2024 Equity Incentive Plan, derivative
4 terms
Option to Purchase Common Stock financial
"security_title: "Option to Purchase Common Stock""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
2024 Equity Incentive Plan financial
"pursuant to the Issuer's 2024 Equity Incentive Plan."
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 did BioLargo (BLGO) director Linda Park report in this Form 4?
Director Linda Park reported receiving a stock option grant for 165,198 shares as board compensation. The options are tied to her most recent quarterly service and were issued instead of cash fees, under BioLargo’s 2024 Equity Incentive Plan.
What is the exercise price of Linda Park’s BioLargo (BLGO) stock options?
The exercise price of the options is $0.1135 per share. This means she can buy BioLargo common stock at that price under the terms of the grant, subject to the option’s exercise and expiration dates specified in the award.
How many BioLargo (BLGO) options does Linda Park hold after this grant?
After the reported grant, Linda Park holds options covering 1,546,700 shares of BioLargo common stock. This total reflects her derivative ownership following the new award, as disclosed in the Form 4 transaction details.
Was Linda Park’s BioLargo (BLGO) option grant a cash transaction?
No, the option grant was not a cash transaction. It was issued in payment of $18,750 in fees owed for her quarterly board service, effectively converting cash compensation into equity under the 2024 Equity Incentive Plan.