Bright Mountain director awarded 100K stock options
Triscari Thomas A. reported acquisition or exercise transactions in this Form 4 filing.
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 received a grant of stock options covering 100,000 shares on January 2, 2025. These options are scheduled to vest and become exercisable on December 31, 2025, with prorated vesting if he resigns from the board without cause during 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 100,000 shares
Grant/Award
1 txn
Insider
Triscari Thomas A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 100,000 contracts (Direct)
Footnotes (1)
- F1. The stock options shall vest and become exercisable on December 31, 2025; provided, however, that in the event the Reporting Person resigns as a member of the Issuer's Board of Directors without cause during 2025, the number of shares underlying the stock option shall be prorated through the date of resignation and shall vest on the date of the Reporting Person's resignation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bright Mountain Media (BMTM) report?
Bright Mountain Media reported that director Thomas A. Triscari received a grant of stock options for 100,000 shares. The options were awarded on January 2, 2025 and represent a derivative security giving him the right to buy common shares in the future.
Who is the reporting person in this Bright Mountain Media Form 4?
The reporting person is Thomas A. Triscari, a director of Bright Mountain Media, Inc. The Form 4 shows his acquisition of stock options, reflecting equity-based compensation tied to his service on the company’s board of directors during 2025.
When do Thomas Triscari’s Bright Mountain Media options vest?
The options granted to Thomas A. Triscari are scheduled to vest and become exercisable on December 31, 2025. This vesting date is specified in the footnotes, which govern when he can begin exercising the right to purchase the underlying shares.
What happens to the Bright Mountain Media options if Triscari resigns in 2025?
If Thomas A. Triscari resigns from the Bright Mountain Media board without cause during 2025, the number of option shares will be prorated through his resignation date. The prorated portion will then vest on the resignation date, according to the Form 4 footnote.
Is this Bright Mountain Media Form 4 transaction a buy or a grant?
This Form 4 reflects a grant of stock options to Thomas A. Triscari, classified as an acquisition from an equity award. It is not an open-market purchase or sale, but rather an option award giving future purchase rights to 100,000 Bright Mountain Media shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.