CalEthos CEO granted 2M stock options

CalEthos, Inc. Chairman and CEO Joel Drake received a grant of 2,000,000 employee stock options for Common Stock on March 27, 2026.

Rhea-AI Filing Summary

CalEthos, Inc. Chairman and CEO Joel Drake received a grant of 2,000,000 employee stock options for Common Stock on March 27, 2026. These options have an exercise price of $0.49 per share, fully vested on the grant date, and expire on March 27, 2033.

The filing also lists existing option holdings for Drake, including options exercisable at $0.50 per share expiring June 19, 2030 and options exercisable at $0.54 per share expiring November 28, 2028 under the company’s 2021 Equity Incentive Plan.

Insider Trade Summary

Grant/Award: 2,000,000 shares

Grant/Award 3 txns

Insider Stone Joel Drake

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Employee Options	2,000,000	$0.00	$0.00
holding	Employee Options	--	--	--
holding	Employee Options	--	--	--

Holdings After Transaction: Employee Options — 5,500,000 contracts for 3,500,000 underlying shares (Direct)

Footnotes (3)

1. F1. The options reported herein were granted to the reporting person by the Board of Directors of CalEthos, Inc. (the "Issuer") pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (June 19, 2023), and terminating on the third anniversary of the date of grant.
2. F2. The options reported herein were granted to the reporting person by the Board of Directors of the Issuer pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (November 28, 2023), and terminating on the third anniversary of the date of grant.
3. F3. The options reported herein were granted to the reporting person by the Issuer pursuant to an executive employment agreement by and between the Issuer and the reporting person. These options fully vested on the date of grant (March 27, 2026).

Key Figures

New options granted: 2,000,000 options Exercise price (new grant): $0.49 per share New grant expiration: March 27, 2033 +2 more

5 metrics

New options granted 2,000,000 options Granted March 27, 2026 to CEO under employment agreement

Exercise price (new grant) $0.49 per share Employee options for Common Stock, granted March 27, 2026

New grant expiration March 27, 2033 Expiration date of 2,000,000 employee options

Existing options at $0.50 2,500,000 underlying shares Employee options expiring June 19, 2030

Existing options at $0.54 1,000,000 underlying shares Employee options expiring November 28, 2028

Key Terms

Employee Options, 2021 Equity Incentive Plan, executive employment agreement, vest in three equal installments, +1 more

5 terms

Employee Options financial

"security_title: "Employee Options" for derivative awards and holdings"

2021 Equity Incentive Plan financial

"granted to the reporting person ... pursuant to the Issuer's 2021 Equity Incentive Plan"

executive employment agreement financial

"granted to the reporting person by the Issuer pursuant to an executive employment agreement"

vest in three equal installments financial

"These options vest in three equal installments, beginning on the first anniversary"

fully vested on the date of grant financial

"These options fully vested on the date of grant (March 27, 2026)."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GEDC Chairman and CEO Joel Drake receive in this Form 4 filing?

Joel Drake received a grant of 2,000,000 employee stock options for CalEthos, Inc. common stock. The options were granted on March 27, 2026, fully vested immediately, and were issued pursuant to an executive employment agreement with the company.

What is the exercise price and term of Joel Drake’s new options at CalEthos (GEDC)?

The newly granted 2,000,000 employee options have an exercise price of $0.49 per share. They fully vested on March 27, 2026 and are scheduled to expire on March 27, 2033, giving a multi‑year window for potential exercise.

What other option positions does Joel Drake hold according to this GEDC Form 4?

In addition to the new grant, Joel Drake holds options exercisable at $0.50 per share on 2,500,000 underlying shares expiring June 19, 2030, and options at $0.54 per share on 1,000,000 underlying shares expiring November 28, 2028.

Under what plans were Joel Drake’s CalEthos (GEDC) options granted?

Certain options were granted under CalEthos, Inc.’s 2021 Equity Incentive Plan, vesting in three equal installments beginning one year after grant. The new 2,000,000 options were granted under an executive employment agreement and fully vested on March 27, 2026.

Did Joel Drake buy or sell any GEDC shares in the market in this Form 4?

This Form 4 reports a grant of employee stock options to Joel Drake and lists existing option holdings. It does not show any open‑market purchases or sales of CalEthos, Inc. common shares, only derivative option awards and positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stone Joel Drake

(Last) (First) (Middle)

1881 S PALM CANYON DRIVE

(Street)

PALM SPRINGS CALIFORNIA 92264

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CalEthos, Inc. [ GEDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Options(1)	$0.5							(1)	06/19/2030	Common Stock	2,500,000		2,500,000	D
Employee Options(2)	$0.54							(2)	11/28/2028	Common Stock	1,000,000		1,000,000	D
Employee Options(3)	$0.49	03/27/2026		A		2,000,000		03/27/2026	03/27/2033	Common Stock	2,000,000	(3)	2,000,000	D

Explanation of Responses:

1. The options reported herein were granted to the reporting person by the Board of Directors of CalEthos, Inc. (the "Issuer") pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (June 19, 2023), and terminating on the third anniversary of the date of grant.

2. The options reported herein were granted to the reporting person by the Board of Directors of the Issuer pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (November 28, 2023), and terminating on the third anniversary of the date of grant.

3. The options reported herein were granted to the reporting person by the Issuer pursuant to an executive employment agreement by and between the Issuer and the reporting person. These options fully vested on the date of grant (March 27, 2026).

	/s/ Joel Stone	04/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)