Healthy Choice Wellness (HCWC) CFO awarded 400,000 restricted Class A shares
Rhea-AI Filing Summary
Healthy Choice Wellness Corp. reported an equity award to a senior executive. Director and Chief Financial Officer John Ollet reported holdings of 378,177 shares of Class A common stock held directly. In addition, he was granted 400,000 restricted shares of Class A common stock as a derivative security at an exercise price of $0 on 11/13/2025, bringing his total derivative holdings to 400,000.
The restricted stock is scheduled to vest in eight equal quarterly installments, starting on 02/13/2026 and continuing on each May 13, August 13, and November 13 until fully vested on 11/13/2027. The award agreement also provides for immediate vesting if certain change of control events occur, as defined in the reporting person’s Restricted Stock Award Agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| Grant/Award | Class A Common Stock | 400,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. The Restricted Stock vests in eight equal quarterly installments, commencing on February 13, 2026 and continuing to vest on each subsequent May 13, August 13 and November 13 until fully vested on November 13, 2027. The Restricted Stock will immediately vest upon the occurrence of certain change of control events set forth in the Reporting Person's Restricted Stock Award Agreement.
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FAQ
What insider transaction did HCWC disclose in this Form 4?
The filing shows that Director and Chief Financial Officer John Ollet reported ownership of 378,177 shares of Class A common stock and a new grant of 400,000 restricted shares of Class A common stock as a derivative security.
Does the HCWC restricted stock grant to John Ollet have change of control protection?
Yes. The filing states that the restricted stock will immediately vest upon certain change of control events described in John Ollet’s Restricted Stock Award Agreement.
What is John Ollet’s role at Healthy Choice Wellness Corp. (HCWC)?
John Ollet is identified as both a Director and an Officer, serving as the company’s Chief Financial Officer.
How many derivative securities in HCWC does John Ollet own after this transaction?
Following the reported grant, John Ollet beneficially owns 400,000 derivative securities in the form of restricted shares of Class A common stock, held directly.