STOCK TITAN

JFB Construction Holdings (NASDAQ: JFB) grants CFO 100,000 shares after merger

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

JFB Construction Holdings authorized and issued a transaction achievement bonus of 100,000 shares of common stock to Chief Financial Officer Ruben Calderon under the 2024 equity incentive plan in connection with the Agreement and Plan of Merger dated February 13, 2026. The Award Shares were issued on April 30, 2026.

Positive

  • None.

Negative

  • None.

Insights

One-time equity bonus awarded to CFO tied to a merger.

The Board approved a 100,000-share transaction achievement bonus for the CFO under the 2024 equity incentive plan, awarded in connection with the Agreement and Plan of Merger dated February 13, 2026. The shares were issued on April 30, 2026.

Impact depends on plan dilution and whether other management awards accompany the merger; subsequent filings may disclose aggregate plan usage and any vesting or transfer restrictions.

Award Shares 100,000 shares transaction achievement bonus to CFO, issued April 30, 2026
transaction achievement bonus compensation
"authorized the award of a transaction achievement bonus to Ruben Calderon"
2024 equity incentive plan regulatory
"to be granted under the Company’s 2024 equity incentive plan"
Agreement and Plan of Merger corporate
"in connection with the Company’s entry into that certain Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 28, 2026

 

JFB CONSTRUCTION HOLDINGS

(Exact name of registrant as specified in its charter)

 

Nevada   001-42538   99-2549040
(State or other jurisdiction   (Commission   (I. R. S. Employer
of incorporation)   File Number)   Identification No.)

 

1300 S. Dixie Highway, Suite B

Lantana, FL 33462

(Address of principal executive offices, including zip code)

 

561-582-9840

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, $0.0001 par value   JFB   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On April 28, 2026, JFB Construction Holdings (the “Company”), upon recommendation of the Compensation Committee of the Board of Directors (the “Board”) and approval of the Board, authorized the award of a transaction achievement bonus to Ruben Calderon, the Company’s Chief Financial Officer, in the amount of 100,000 shares of the Company’s common stock, par value $0.0001 (the “Award Shares”), to be granted under the Company’s 2024 equity incentive plan, granted in connection with the Company’s entry into that certain Agreement and Plan of Merger, dated as of February 13, 2026 with XTEND Reality Expansion Ltd. and certain other parties thereto. The Award Shares were issued on April 30, 2026.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  JFB CONSTRUCTION HOLDINGS
     
Date: May 4, 2026 By: /s/ Joseph F. Basile, III
    Joseph F. Basile, III
    Chief Executive Officer

 

 

 

FAQ

What did JFB (JFB) disclose about the CFO award?

JFB granted CFO Ruben Calderon a 100,000-share transaction achievement bonus. The award was made under the 2024 equity incentive plan and issued on April 30, 2026, tied to a merger agreement dated February 13, 2026.

Why was the CFO awarded 100,000 shares by JFB?

The award was a transaction achievement bonus granted in connection with an Agreement and Plan of Merger. The Compensation Committee recommended the award and the Board approved it as part of merger-related compensation.

When were the Award Shares issued for the JFB CFO bonus?

The Award Shares were issued on April 30, 2026. The award authorization occurred on April 28, 2026 and references the merger agreement dated February 13, 2026.

Under which plan were the JFB shares granted to the CFO?

The shares were granted under JFB's 2024 equity incentive plan. The Form 8-K states the Award Shares were issued pursuant to that plan as a transaction achievement bonus.