Hour Loop SVP granted 1,586 shares of stock
Yu Sau Kuen reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Yu Sau Kuen reported acquisition or exercise transactions in this Form 4 filing.
Hour Loop, Inc. director and Senior Vice President Yu Sau Kuen reported a stock-based compensation grant. The Board approved a grant of 1,586 shares of common stock to Ms. Yu as compensation for services rendered. Following this award, she directly holds 16,681,657 common shares.
A separate holding entry reflects 16,681,657 shares owned by her spouse, Sam Lai, the company’s Chief Executive Officer and a director. The footnotes state that Ms. Yu and Mr. Lai are each deemed to beneficially own 33,363,314 shares of Hour Loop common stock through mutual attribution of each other’s holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,586 shares
Grant/Award
2 txns
Insider
Yu Sau Kuen
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,586 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,681,657 shares (Direct);
Common Stock — 16,681,657 shares (Indirect, By spouse)
Footnotes (2)
- F1. Represents a grant, approved by the issuer's Board of Directors, of common stock to the reporting person, as compensation for services rendered.
- F2. Represents shares owned by Sam Lai, Ms. Yu's spouse. Mr. Lai is the issuer's Chief Executive Officer and a member of the issuer's Board of Directors. Together, Ms. Yu and Mr. Lai beneficially own 33,363,314 shares of the issuer's common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,363,314 shares of the issuer's common stock, as each of them is deemed to indirectly beneficially own the other's 16,681,657 shares.
Key Figures
Stock grant size: 1,586 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 16,681,657 shares
+2 more
5 metrics
Stock grant size
1,586 shares
Board-approved common stock grant to Yu Sau Kuen as compensation
Grant price per share
$0.0000 per share
Reported price for the 1,586-share compensation grant
Direct holdings after grant
16,681,657 shares
Hour Loop common stock directly held by Yu Sau Kuen following the grant
Spouse’s holdings
16,681,657 shares
Hour Loop common stock owned by Ms. Yu’s spouse, CEO Sam Lai
Beneficial ownership per spouse
33,363,314 shares
Each of Yu Sau Kuen and Sam Lai deemed to beneficially own this amount
Key Terms
Form 4, beneficially own, grant, award, or other acquisition, compensation for services rendered
4 terms
Form 4 regulatory
"Insider ownership and a stock grant were reported on a Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficially own financial
"Each spouse is deemed to beneficially own 33,363,314 common shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
grant, award, or other acquisition financial
"The transaction code description is "Grant, award, or other acquisition" of shares."
compensation for services rendered financial
"The stock grant is described as compensation for services rendered."
FAQ
What insider transaction did Hour Loop (HOUR) report for Yu Sau Kuen?
Hour Loop reported a grant of 1,586 shares of common stock to director and Senior Vice President Yu Sau Kuen. The board-approved award was given as compensation for services rendered, rather than an open-market purchase, and increased her directly held common shares.
Was the Hour Loop (HOUR) insider transaction a market buy or a compensation grant?
The transaction was a compensation grant, not a market purchase. The board approved a grant of 1,586 Hour Loop common shares to Yu Sau Kuen at a reported price of $0.0000 per share, explicitly described as compensation for services rendered to the company.
What total beneficial ownership is reported for Hour Loop (HOUR) insiders Yu Sau Kuen and Sam Lai?
The Form 4 reports that both Yu Sau Kuen and her spouse, CEO Sam Lai, are each deemed to beneficially own 33,363,314 Hour Loop common shares. This reflects mutual attribution of each person’s 16,681,657 directly or indirectly held shares under beneficial ownership rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
