Healthy Choice Wellness (HCWC) president awarded 400,000 restricted shares with 2026–2027 vesting
Rhea-AI Filing Summary
Healthy Choice Wellness Corp. reported an equity grant to its president, Christopher Santi. A total of 400,000 shares of Class A common stock were awarded as restricted stock at an exercise price of $0.00, classified as derivative securities for reporting purposes. After this grant, Santi directly beneficially owns 579,488 shares of Class A common stock and 400,000 restricted shares.
The restricted stock vests in eight equal quarterly installments, starting on February 13, 2026, and then on each May 13, August 13, and November 13 until fully vested on November 13, 2027. The award also provides for full accelerated vesting if certain change of control events described in his Restricted Stock Award Agreement occur.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| Grant/Award | Class A Common Stock | 400,000 | $0.00 | -- |
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Healthy Choice Wellness Corp. (HCWC) report?
The company reported that its president, Christopher Santi, received an award of 400,000 shares of Class A common stock as restricted stock at an exercise price of $0.00.
Is there accelerated vesting for the HCWC president’s restricted stock?
Yes. The filing states that the restricted stock will immediately vest if certain change of control events occur, as described in Christopher Santi’s Restricted Stock Award Agreement.
What role does the reporting person hold at Healthy Choice Wellness Corp. (HCWC)?
The reporting person, Christopher Santi, is identified as an officer of Healthy Choice Wellness Corp., serving in the role of President.
Is this Form 4 filed for one or multiple reporting persons at HCWC?
The Form 4 is indicated as being filed by one reporting person, covering the transactions and holdings of Christopher Santi only.