BioLargo director granted options as board fees
BioLargo director Linda Park received a stock option grant as board compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 165,198 | $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
Grant, award, or other acquisition financial
2024 Equity Incentive Plan financial
derivative financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BioLargo (BLGO) director Linda Park report in this Form 4?
What is the exercise price of Linda Park’s BioLargo (BLGO) stock options?
How many BioLargo (BLGO) options does Linda Park hold after this grant?
Was Linda Park’s BioLargo (BLGO) option grant a cash transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.