Hour Loop CEO receives 1,586-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 reported an equity compensation grant and updated his ownership position. He received a grant of 1,586 shares of common stock approved by the Board as compensation for services rendered, at a stated price of $0.00 per share. A separate entry reflects 16,681,657 shares of common stock held by his spouse, Sau Kuen Yu, which are reported as indirectly owned. The filing notes that each of Mr. Lai and Ms. Yu is deemed to beneficially own 33,363,314 shares of Hour Loop common stock, because each is treated as indirectly owning the other’s 16,681,657 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,586 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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 33,363,314 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
Key Terms
grant financial
compensation for services rendered financial
beneficially own financial
indirectly beneficially own financial
FAQ
What did Hour Loop (HOUR) CEO Sam Lai report in this Form 4 filing?
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