Director Gao Minghui gets 1,600 Hour Loop (HOUR) share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GAO MINGHUI reported acquisition or exercise transactions in this Form 4 filing.
Hour Loop, Inc. director Gao Minghui reported receiving a grant of 1,600 shares of Common Stock. The shares were approved by the company’s Board of Directors as compensation for services rendered and carried a stated price of $0.0000 per share. Following this award, Gao directly holds 29,008 shares of Hour Loop common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GAO MINGHUI
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,008 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,600 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 29,008 shares
3 metrics
Shares granted
1,600 shares
Common Stock grant coded “A” as a compensatory award
Grant price per share
$0.0000 per share
Stated transaction price for the 1,600-share award
Shares held after transaction
29,008 shares
Total Hour Loop Common Stock directly owned after the grant
Key Terms
Form 4, Common Stock, transaction code "A", Board of Directors, +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.
transaction code "A" financial
""transaction_code": "A""
Board of Directors regulatory
"Represents a grant, approved by the issuer's Board of Directors"
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.
compensation for services rendered financial
"common stock to the reporting person, as compensation for services rendered"
FAQ
What insider transaction did Gao Minghui report at Hour Loop (HOUR)?
Director Gao Minghui reported an acquisition of 1,600 shares of Hour Loop common stock. The Form 4 shows this as a grant or award transaction coded “A,” treated as compensation rather than an open-market purchase, increasing direct holdings to 29,008 shares.
What is the transaction code used in Gao Minghui’s Hour Loop (HOUR) Form 4?
The filing uses transaction code “A,” indicating a grant, award, or other acquisition. This code confirms the 1,600 Hour Loop common shares were issued as a compensatory award, not as an open-market trade, aligning with the Board-approved compensation footnote.
How was the Hour Loop (HOUR) stock grant to Gao Minghui approved and described?
The grant was approved by Hour Loop’s Board of Directors and described as common stock awarded to the reporting person as compensation for services rendered. This description appears in the Form 4 footnote, clarifying the compensatory nature of the 1,600-share issuance.