Bright Mountain Media (BMTM) director awarded 100,000 stock options at $0 grant price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Triscari Thomas A. reported acquisition or exercise transactions in this Form 4 filing.
Bright Mountain Media, Inc. director Thomas A. Triscari reported a grant of stock options on shares of the company’s common stock. The award covers 100,000 stock options at a price of $0.0000 per share, increasing his directly owned derivative securities to 100,000 options following the transaction.
According to the terms, these stock options are scheduled to vest and become exercisable on December 31, 2026. If Triscari resigns from the board without cause during 2026, the number of shares underlying the option will be prorated through his resignation date and will vest on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Triscari Thomas A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 100,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Bright Mountain Media (BMTM) report for Thomas A. Triscari?
Bright Mountain Media (BMTM) reported that director Thomas A. Triscari received a grant of 100,000 stock options. These options were granted at a price of $0.0000 per share and represent a new derivative position directly held following the reported transaction.
How many stock options did BMTM director Thomas A. Triscari acquire?
Thomas A. Triscari acquired 100,000 stock options in Bright Mountain Media (BMTM). After this grant, he directly holds 100,000 derivative securities, according to the Form 4 filing, reflecting the entire amount of this stock option award.
When do Thomas A. Triscari’s BMTM stock options vest and become exercisable?
Thomas A. Triscari’s Bright Mountain Media (BMTM) stock options are scheduled to vest and become exercisable on December 31, 2026. This vesting date applies to the full grant unless he resigns without cause during 2026, which triggers prorated vesting instead.
What happens to Thomas A. Triscari’s BMTM stock options if he resigns in 2026?
If Thomas A. Triscari resigns as a Bright Mountain Media (BMTM) director without cause during 2026, the stock options will be prorated through his resignation date, and the prorated portion will vest on the date of his resignation, according to the footnote terms.
What was the grant price of the stock options awarded to BMTM director Thomas A. Triscari?
The stock options granted to Thomas A. Triscari by Bright Mountain Media (BMTM) have a reported price of $0.0000 per share. This reflects the terms of the derivative award as disclosed in the Form 4 insider transaction filing.
How is ownership of the 100,000 BMTM stock options classified for Thomas A. Triscari?
The 100,000 Bright Mountain Media (BMTM) stock options held by Thomas A. Triscari are classified as directly owned. The Form 4 lists the ownership type and code as direct (D), with no indirect holding entity disclosed in the filing.