Bright Mountain Media (BMTM) CFO receives 1,000,000 stock options at $0.004 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bright Mountain Media, Inc. Chief Financial Officer Olgun Ari Roy received a grant of stock options covering 1,000,000 shares of Common Stock. The options carry an exercise price of $0.004 per share and expire on May 6, 2036.
The award is a compensation-related grant, not an open-market trade. According to the terms, the options will vest in four equal annual installments on May 6 of 2027, 2028, 2029, and 2030, if the vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Olgun Ari Roy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 1,000,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,000,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 1,000,000 options
Exercise price: $0.004 per share
Underlying shares: 1,000,000 shares
+2 more
5 metrics
Option grant size
1,000,000 options
Stock Option (right to buy) granted to CFO
Exercise price
$0.004 per share
Conversion or exercise price for the stock options
Underlying shares
1,000,000 shares
Underlying Common Stock for the options
Expiration date
May 6, 2036
Options expire if not exercised by this date
Vesting schedule
4 annual installments
Vests on May 6, 2027, 2028, 2029, and 2030
Key Terms
Stock Option (right to buy), exercise price, expiration date, Common Stock, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "0.0040""
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.
expiration date financial
"expiration_date: "2036-05-06T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest and become exercisable financial
"The stock options shall vest and become exercisable in four equal annual installments"
FAQ
What insider transaction did Bright Mountain Media (BMTM) report for its CFO?
Bright Mountain Media reported a stock option grant to its CFO. Olgun Ari Roy received options on 1,000,000 shares of Common Stock as a compensation award, not an open-market purchase or sale, according to the Form 4 disclosure.
What is the exercise price of the CFO’s stock options at Bright Mountain Media (BMTM)?
The exercise price of the CFO’s stock options is $0.004 per share. This means Roy can later buy up to 1,000,000 shares of Bright Mountain Media Common Stock at $0.004 per share once the options vest and are exercised.
When do the newly granted Bright Mountain Media (BMTM) options vest for the CFO?
The stock options vest in four equal annual installments. They become exercisable on May 6 of 2027, 2028, 2029, and 2030, provided vesting conditions are satisfied, which spreads the compensation benefit over several years.
When do the CFO’s Bright Mountain Media (BMTM) stock options expire?
The granted stock options expire on May 6, 2036. If the CFO does not exercise vested options by that date, the right to buy up to 1,000,000 Bright Mountain Media Common shares at $0.004 per share lapses.