Hour Loop (HOUR) director awarded 1,586-share stock grant as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lenner Michael Minkin reported acquisition or exercise transactions in this Form 4 filing.
Hour Loop, Inc director equity grant: Director Lenner Michael Minkin received a grant of 1,586 shares of Hour Loop common stock as compensation for services rendered, as approved by the company’s Board of Directors. This award increased his direct holdings to 31,635 common shares, reflecting routine, stock-based director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lenner Michael Minkin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,586 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,635 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,586 shares
Price per granted share: $0.0000 per share
Shares owned after grant: 31,635 shares
+2 more
5 metrics
Shares granted
1,586 shares
Director stock grant as compensation
Price per granted share
$0.0000 per share
Non-cash equity award
Shares owned after grant
31,635 shares
Total direct common stock holdings post-transaction
Transaction code
A
Grant, award, or other acquisition of non-derivative securities
Transaction date
July 1, 2026
Date of common stock grant
Key Terms
Form 4, Common Stock, Grant, award, or other acquisition, stock-based compensation, +1 more
5 terms
Form 4 regulatory
"INSIDER FILING DATA (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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
""transaction_code_description": "Grant, award, or other acquisition""
stock-based compensation financial
"of common stock to the reporting person, as compensation for services rendered"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
Board of Directors regulatory
"grant, approved by the issuer's Board of Directors, of common stock"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Hour Loop (HOUR) director Lenner Michael Minkin report in this Form 4?
Director Lenner Michael Minkin reported receiving a grant of 1,586 shares of Hour Loop common stock. The grant was approved by the Board as compensation for services rendered, and it increased his directly held position in the company.
Was Lenner Michael Minkin’s Hour Loop (HOUR) transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a grant or award of 1,586 Hour Loop common shares, approved by the Board, given to Minkin as compensation for services rather than shares bought or sold in the open market.
Does this Hour Loop (HOUR) Form 4 show any derivative securities or option exercises?
No derivative securities or option exercises are shown in this Form 4. The filing reflects only a non-derivative grant of 1,586 Hour Loop common shares, with Minkin’s total direct common stock holdings reported at 31,635 shares following the transaction.