Envirotech CEO awarded 490K stock options
Envirotech Vehicles, Inc. disclosed that Chief Executive Officer Phillip Oldridge received a grant of stock options covering 490,000 shares of common stock.
Rhea-AI Filing Summary
Envirotech Vehicles, Inc. disclosed that Chief Executive Officer Phillip Oldridge received a grant of stock options covering 490,000 shares of common stock. The options were granted on May 22, 2026 at an exercise price of $2.19 per share and vest immediately upon grant, meaning they are fully exercisable from the grant date. Following this compensation award, Oldridge holds 490,000 stock options directly, which are scheduled to expire on May 21, 2036. This filing reflects a grant/award acquisition rather than an open-market purchase or sale of shares.
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Insider Trade Summary
Grant/Award: 490,000 shares
Grant/Award
1 txn
Insider
OLDRIDGE PHILLIP
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 490,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 490,000 contracts (Direct)
Footnotes (1)
- F1. The option vested and became exercisable upon grant.
Key Figures
Options granted: 490,000 options
Exercise price: $2.19 per share
Options after grant: 490,000 options
+2 more
5 metrics
Options granted
490,000 options
Stock option grant to CEO on May 22, 2026
Exercise price
$2.19 per share
Strike price for newly granted options
Options after grant
490,000 options
Total options held following this transaction
Grant date
May 22, 2026
Date options were granted and vested
Expiration date
May 21, 2036
Option expiration for this grant
Key Terms
Stock Option, Grant, award, or other acquisition, exercise price, vested and became exercisable upon grant
4 terms
Stock Option financial
"security_title: "Stock Option" and underlying_security_title: "Common Stock""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
exercise price financial
"conversion_or_exercise_price: "2.1900""
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.
vested and became exercisable upon grant financial
"The option vested and became exercisable upon grant."
FAQ
What insider transaction did Envirotech Vehicles (EVTV) report for Phillip Oldridge?
Envirotech Vehicles reported that CEO Phillip Oldridge received a grant of 490,000 stock options. These options give him the right to buy common shares at a fixed exercise price as part of his compensation package, rather than reflecting an open-market purchase or sale.
How many Envirotech Vehicles (EVTV) options were granted to the CEO and at what price?
Phillip Oldridge was granted stock options on 490,000 shares of Envirotech Vehicles common stock at an exercise price of $2.19 per share. This sets the price he must pay per share if he chooses to exercise the options before they expire.
When do Phillip Oldridge’s new Envirotech Vehicles (EVTV) stock options vest and expire?
The stock options granted to Phillip Oldridge vested and became exercisable immediately on May 22, 2026. They have an expiration date of May 21, 2036, giving him roughly ten years to decide if and when to exercise them.
Does the Envirotech Vehicles (EVTV) Form 4 show an open-market buy or sell by the CEO?
The Form 4 shows a grant of stock options to CEO Phillip Oldridge, classified as a grant or award acquisition. It does not report any open-market buying or selling of Envirotech Vehicles common shares, only the issuance of derivative securities as compensation.
How many Envirotech Vehicles (EVTV) stock options does the CEO hold after this grant?
After this transaction, Phillip Oldridge is reported as holding 490,000 stock options directly. Each option is linked to one share of Envirotech Vehicles common stock, providing potential future equity exposure if he exercises them before the expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
