Hour Loop (HOUR) director Minghui Gao receives 1,514-share stock grant
Rhea-AI Filing Summary
Hour Loop, Inc. director Minghui Gao reported receiving a grant of 1,514 shares of common stock on January 5, 2026. The filing states this was a stock grant approved by the company’s Board of Directors as compensation for services rendered, rather than an open‑market purchase. The shares were granted at a stated price of $0.00 per share, reflecting that this is an equity award, not a cash transaction. Following this grant, Gao beneficially owns 27,408 shares of Hour Loop common stock in direct ownership.
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FAQ
What insider transaction did Hour Loop (HOUR) report in this Form 4?
The Form 4 reports that director Minghui Gao received a grant of 1,514 shares of Hour Loop common stock on January 5, 2026 as an equity award.
Was the Hour Loop (HOUR) Form 4 transaction a stock sale or a grant?
The transaction was a grant of common stock, identified with transaction code A, and described as compensation for services approved by the Board of Directors.
What price was assigned to the Hour Loop (HOUR) shares granted to Minghui Gao?
The 1,514 shares of common stock granted to Minghui Gao carried a stated transaction price of $0.00 per share, consistent with a compensatory stock award.
How many Hour Loop (HOUR) shares does Minghui Gao own after this transaction?
After the reported grant, Minghui Gao beneficially owns 27,408 shares of Hour Loop common stock in direct ownership.
Why were the shares granted to Minghui Gao by Hour Loop (HOUR)?
According to the footnote, the 1,514-share grant represents common stock awarded to Minghui Gao as compensation for services rendered, approved by the Board of Directors.
Does the Hour Loop (HOUR) Form 4 indicate indirect ownership or an entity holder for this grant?
No indirect ownership or holding entity is indicated for this transaction; the filing reports the 27,408 shares as owned directly by Minghui Gao.