Hour Loop CEO receives 1,600-share stock grant
Lai Sam reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lai Sam reported acquisition or exercise transactions in this Form 4 filing.
Hour Loop, Inc. Chief Executive Officer Sam Lai received a grant of 1,600 shares of common stock as compensation for services, approved by the Board of Directors. The award was priced at $0.00 per share, reflecting a stock-based compensation grant rather than a market purchase.
After this grant, Lai directly holds 16,680,071 shares of Hour Loop common stock. His spouse, Sau Kuen Yu, the company’s Senior Vice President and a director, also owns 16,680,071 shares. Each is deemed to indirectly beneficially own the other’s shares, so both are reported as beneficial owners of 33,360,142 shares in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,600 shares
Grant/Award
2 txns
Insider
Lai Sam
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,600 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,680,071 shares (Direct);
Common Stock — 16,680,071 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 Sau Kuen Yu, Mr. Lai's spouse. Ms. Yu is the issuer's Senior Vice President and a member of the issuer's Board of Directors. Together, Mr. Lai and Ms. Yu beneficially own 33,360,142 shares of the issuer's common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,360,142 shares of the issuer's common stock, as each of them is deemed to indirectly beneficially own the other's 16,680,071 shares.
Key Figures
Stock grant size: 1,600 shares
Grant price: $0.00 per share
Direct holdings after grant: 16,680,071 shares
+3 more
6 metrics
Stock grant size
1,600 shares
Common stock granted to CEO Sam Lai as compensation
Grant price
$0.00 per share
Reported transaction price for the stock grant
Direct holdings after grant
16,680,071 shares
Common stock directly held by Sam Lai following the grant
Spouse direct holdings
16,680,071 shares
Common stock directly held by Sau Kuen Yu
Reported beneficial ownership
33,360,142 shares
Shares beneficially owned by each of Sam Lai and Sau Kuen Yu
Transactions classified as acquisition
1 transaction
Form 4 summary shows one acquire-type entry
Key Terms
Grant, award, or other acquisition, beneficially own, indirectly beneficially own, Senior Vice President
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
beneficially own financial
"Together, Mr. Lai and Ms. Yu beneficially own 33,360,142 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.
indirectly beneficially own financial
"each of them is deemed to indirectly beneficially own the other's 16,680,071 shares"
Senior Vice President financial
"Ms. Yu is the issuer's Senior Vice President and a member of the issuer's Board of Directors"
A senior vice president is a high-ranking executive within a company who oversees large parts of the organization and helps shape its overall strategy. They are often just below top leadership, making important decisions that can impact the company's success. For investors, this role indicates a person with significant responsibility and influence, which can affect the company's stability and growth prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hour Loop (HOUR) report for CEO Sam Lai?
Hour Loop reported that CEO Sam Lai received a grant of 1,600 shares of common stock as compensation. The grant was approved by the Board of Directors and carried a stated price of $0.00 per share, indicating stock-based compensation rather than an open-market purchase.
What is the combined beneficial ownership for Sam Lai and his spouse in Hour Loop (HOUR)?
Together, Sam Lai and his spouse Sau Kuen Yu are reported as beneficially owning 33,360,142 Hour Loop common shares. Each is deemed to indirectly beneficially own the other’s 16,680,071 shares, so both are individually reported with the same total beneficial ownership.
Was the Hour Loop (HOUR) insider transaction a market purchase or compensation grant?
The transaction was a compensation-related stock grant, not a market purchase. The filing describes it as a grant of common stock approved by the Board as compensation for services, with a transaction price of $0.00 per share, typical of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
