Director at Hour Loop (NASDAQ: HOUR) receives 1,600-share stock grant
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 Lenner Michael Minkin received a grant of 1,600 shares of common stock, approved by the Board of Directors, as compensation for services rendered. The shares were awarded at a stated price of $0.00 per share, indicating a non-cash equity grant rather than an open-market purchase. Following this award, Minkin directly holds 30,049 shares of Hour Loop common stock. This is a routine compensation-related equity grant, not a discretionary market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lenner Michael Minkin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,049 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,600 shares
Grant price per share: $0.00 per share
Shares held after grant: 30,049 shares
+2 more
5 metrics
Shares granted
1,600 shares
Common Stock grant as compensation
Grant price per share
$0.00 per share
Reported transaction price on Form 4
Shares held after grant
30,049 shares
Direct holdings following transaction
Transaction code
A
Grant, award, or other acquisition
Transaction date
2026-04-06
Date of equity grant
Key Terms
Grant, award, or other acquisition, Common Stock, Board of Directors, Form 4, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
Board of Directors financial
"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.
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.
compensation for services rendered financial
"common stock to the reporting person, as compensation for services rendered"
FAQ
What did Hour Loop (HOUR) director Lenner Michael Minkin report in this Form 4?
Lenner Michael Minkin reported receiving a grant of 1,600 Hour Loop common shares. The grant was approved by the Board as compensation for services, increasing his direct holdings to 30,049 shares after the award.
Was the Hour Loop (HOUR) Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. It was coded as a grant or award, with a reported price of $0.00 per share, reflecting stock-based compensation authorized by Hour Loop’s Board of Directors.
What does the transaction code "A" mean in Hour Loop (HOUR) director’s Form 4?
The transaction code “A” on the Form 4 denotes a grant, award, or other acquisition. In this case, it indicates Hour Loop’s director received 1,600 common shares as a Board-approved equity grant for services rendered.