GenFlat Holdings, Inc. (GFLT) awards CFO 100,000 stock options
Rhea-AI Filing Summary
GenFlat Holdings, Inc. reported that Chief Financial Officer William Ray Benz received a grant of 100,000 Employee Stock Options on July 20, 2026. The options allow purchase of common stock at an exercise price of $1.39 per share and expire on July 20, 2031. According to the award terms, 50,000 options vest on July 20, 2027 (described as the Grant Date), 25,000 vest on the first anniversary of that date, and 25,000 vest on the second anniversary, all contingent on continued service; any unvested portion is subject to forfeiture. Following this grant, Benz holds 100,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benz William Ray
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 100,000 shares (Direct)
Footnotes (1)
- F1. Represents an option award pursuant to the Company's 2020 Equity Incentive Plan, 50,000 options vest on July 20, 2027, the Grant Date; 25,000 options vest on the first anniversary of the Grant Date; and the remaining 25,000 options vest on the second anniversary of the Grant Date, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.
Key Figures
Options Granted: 100000.0000
Exercise Price: $1.3900 per share
Expiration Date: 2031-07-20
+4 more
7 metrics
Options Granted
100000.0000
Employee stock options granted to CFO William Ray Benz
Exercise Price
$1.3900 per share
Exercise price of the Employee Stock Option (Right to Buy)
Expiration Date
2031-07-20
Expiration of the option award
Initial Vesting Tranche
50,000 options
Options vesting on July 20, 2027, described as the Grant Date
Second Vesting Tranche
25,000 options
Options vesting on first anniversary of the Grant Date
Final Vesting Tranche
25,000 options
Options vesting on second anniversary of the Grant Date
Post-Grant Holdings
100000.0000 options
Total stock options held directly by the CFO after this grant
Key Terms
Employee Stock Option (Right to Buy), 2020 Equity Incentive Plan, vesting, forfeiture
4 terms
Employee Stock Option (Right to Buy) financial
"Security title listed as "Employee Stock Option (Right to Buy)" for the grant"
2020 Equity Incentive Plan financial
"Represents an option award pursuant to the Company's 2020 Equity Incentive Plan, 50,000 options vest..."
vesting financial
"50,000 options vest on July 20, 2027, the Grant Date; 25,000 options vest on the first anniversary..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture financial
"Any unvested portion of this award is subject to forfeiture."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GenFlat Holdings (GFLT) report for its CFO?
GenFlat reported a stock option grant to CFO William Ray Benz covering 100,000 options. The award is an Employee Stock Option (Right to Buy) over common stock, recorded as a grant/award acquisition rather than an open-market trade.
What are the key terms of the GFLT stock options granted to the CFO?
The CFO received 100,000 options with an exercise price of $1.39 per share, expiring on July 20, 2031. Each option relates to one share of common stock, and all are held directly following this grant.
How do the GenFlat (GFLT) CFO option awards vest over time?
The award vests in three tranches: 50,000 options on July 20, 2027 (described as the Grant Date), then 25,000 on the first anniversary, and 25,000 on the second anniversary. Vesting is conditioned on continued service with the company.
Are the new GFLT option awards to the CFO subject to forfeiture?
Yes. The company states that any unvested portion of the 100,000-option award is subject to forfeiture. This means if service conditions are not met before each vesting date, the unvested options can be lost.
Does the GFLT Form 4 show a market buy or sale of common stock by the CFO?
No. The Form 4 reports a grant, award, or other acquisition of options, not a purchase or sale of existing GFLT shares in the market. It records the issuance of derivative securities under an equity incentive plan.