Biolargo (BLGO) director receives 40,909-share option grant replacing expired award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BIOLARGO, INC. director Marshall Dennis E received a new stock option grant as part of his board compensation. On June 22, 2026, he was awarded options to purchase 40,909 shares of common stock at an exercise price of $0.11 per share, expiring June 22, 2036. The grant replaces a prior option for 10,000 shares that expired unexercised, and his total option holdings after this adjustment are 5,463,738 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marshall Dennis E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 40,909 | $0.00 | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 5,463,738 shares (Direct, null)
Footnotes (1)
- This Option was granted to Reporting Person to replace an option to purchase 10,000 shares that had been issued to compensate Reporting Person for services on the board of directors to the Issuer and had expired unexercised due to a discrepancy between the original exercise price and Issuer's current stock price, pursuant to plan adopted by the Issuer's Compensation Committee. Total reflects the expiration of options to purchase 10,000 shares that expired June 20, 2026.
Key Figures
Option grant size: 40,909 options
Exercise price: $0.11 per share
Expiration date: June 22, 2036
+2 more
5 metrics
Option grant size
40,909 options
Grant on June 22, 2026 for board compensation
Exercise price
$0.11 per share
Exercise price of new options
Expiration date
June 22, 2036
Expiration of new option grant
Total options after grant
5,463,738 options
Total derivative holdings following transaction
Expired prior option
10,000 options
Prior option that expired June 20, 2026
Key Terms
Option to Purchase Common Stock, Grant, award, or other acquisition, Compensation Committee, exercise price
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"
Compensation Committee financial
"pursuant to plan adopted by the Issuer's Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
exercise price financial
"a discrepancy between the original exercise price and Issuer's current stock price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did BIOLARGO (BLGO) director Marshall Dennis E receive in this Form 4 filing?
He received a new stock option grant for 40,909 shares of BIOLARGO common stock. This award compensates him for board service and is reflected as a routine grant/award acquisition under the company’s compensation plan.
What is the exercise price and term of the new BIOLARGO (BLGO) stock options?
The new options have an exercise price of $0.11 per share and expire on June 22, 2036. This gives the director a long exercise window typical of equity compensation for board service.
How many BIOLARGO (BLGO) options does Marshall Dennis E hold after this transaction?
After the grant, he holds a total of 5,463,738 stock options. This figure reflects the addition of 40,909 new options and the expiration of a prior 10,000‑share option that was not exercised.
Why was a new BIOLARGO (BLGO) option granted to replace a prior one?
The new option replaced a 10,000‑share option that expired unexercised due to a discrepancy between its original exercise price and BIOLARGO’s current stock price, under a plan adopted by the Compensation Committee.