Hour Loop (HOUR) director reports 1,514-share stock grant on Form 4
Rhea-AI Filing Summary
Hour Loop, Inc. director reports stock grant. Director Michael Lenner Minkin disclosed receiving 1,514 shares of Hour Loop common stock on January 5, 2026 in a transaction coded "A" for acquisition. The shares were granted at a reported price of $0 per share as compensation for services rendered and were approved by the company’s Board of Directors. Following this grant, he beneficially owns 28,449 shares of Hour Loop common stock, held directly.
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FAQ
What insider transaction did Hour Loop (HOUR) report for January 5, 2026?
Hour Loop reported that director Michael Lenner Minkin acquired 1,514 shares of common stock on January 5, 2026 in a Form 4 filing.
Was the Hour Loop (HOUR) insider transaction a purchase or a grant?
The transaction was a grant of common stock approved by the Board of Directors and given to the reporting person as compensation for services rendered.
What price was reported for the Hour Loop (HOUR) stock grant to the director?
The Form 4 shows the director received 1,514 common shares at a reported price of $0 per share, reflecting a compensatory equity grant rather than an open-market purchase.
How many Hour Loop (HOUR) shares does the director own after this transaction?
After the January 5, 2026 grant, director Michael Lenner Minkin beneficially owns 28,449 shares of Hour Loop common stock.
Is the Hour Loop (HOUR) director’s ownership direct or indirect after the grant?
The Form 4 lists the 28,449 shares as held under direct (D) ownership by the reporting person.
Why did Hour Loop (HOUR) grant shares to its director on January 5, 2026?
According to the footnote, the 1,514-share grant represents common stock awarded to the reporting person as compensation for services rendered, as approved by the Board of Directors.