NightFood (OTC: NGTF) director holds 1M-share option at $0.033
Rhea-AI Filing Summary
NightFood Holdings, Inc. (NGTF) director Ronald J. Stauber reported his equity holdings, including a nonqualified stock option for 1,000,000 shares of common stock with an exercise price of $0.033 per share, expiring on August 7, 2031. The option vests in four equal installments of 250,000 shares on November 7, 2026, February 7, 2027, May 7, 2027, and August 7, 2027, subject to his continued service as a director, and any unvested portion vests in full immediately before the closing of a Change in Control transaction if consummated. Stauber also holds 5,000 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STAUBER RONALD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Nonqualified Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Common Stock $0.001 par value | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (Right to Buy) — 1,000,000 shares (Direct);
Common Stock $0.001 par value — 5,000 shares (Direct)
Footnotes (1)
- F1. The option vests in four equal installments of 250,000 shares on November 7, 2026, February 7, 2027, May 7, 2027, and August 7, 2027, in each case subject to the reporting person's continued service as a director through the applicable vesting date. Upon a Change in Control, the unvested portion of the option vests in full immediately before the closing of the transaction, subject to consummation of the transaction.
Key Figures
Option underlying shares: 1,000,000 shares
Option exercise price: $0.033 per share
Option expiration date: August 7, 2031
+2 more
5 metrics
Option underlying shares
1,000,000 shares
Nonqualified stock option for NGTF common stock
Option exercise price
$0.033 per share
Exercise price of the nonqualified stock option
Option expiration date
August 7, 2031
Expiration of the reported nonqualified stock option
Vesting installment size
250,000 shares
Each of four vesting installments of the option
Common stock held directly
5,000 shares
Direct holdings of NGTF common stock by Ronald J. Stauber
Key Terms
Nonqualified Stock Option, Change in Control, par value
3 terms
Nonqualified Stock Option financial
"security_title: "Nonqualified Stock Option (Right to Buy)""
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
Change in Control financial
"Upon a Change in Control, the unvested portion of the option vests"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
par value financial
"Common Stock, par value $0.001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider holdings did Ronald J. Stauber report in NGTF on this Form 3?
Ronald J. Stauber reported 1,000,000 underlying shares via a nonqualified stock option with a $0.033 exercise price plus 5,000 shares of NGTF common stock held directly.
What are the key terms of Ronald J. Stauber’s stock option in NGTF?
The option covers 1,000,000 shares of NGTF common stock at an exercise price of $0.033 per share and expires on August 7, 2031, as reported.
How does Ronald J. Stauber’s NGTF option vest?
The option vests in four equal tranches of 250,000 shares each on November 7, 2026, February 7, 2027, May 7, 2027, and August 7, 2027, subject to his continued service as a director through each vesting date.
What happens to Ronald J. Stauber’s unvested NGTF options upon a Change in Control?
If a Change in Control occurs and is consummated, any unvested portion of Ronald J. Stauber’s option vests in full immediately before the closing of the transaction, according to the reported terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
