Newsmax (NMAX) director Christopher Cox awarded 23,940 stock options at $7.31
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newsmax Inc. director Christopher Nixon Cox received a grant of 23,940 stock options. These options give him the right to buy 23,940 shares of Class B common stock at an exercise price of $7.31 per share.
The options were granted under Newsmax’s 2025 Omnibus Equity Incentive Plan at no upfront cost and will become exercisable on the 12‑month anniversary of the May 20, 2026 grant date, as long as he continues providing services to the company. After this grant, he holds 23,940 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cox Christopher Nixon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to Buy) | 23,940 | $0.00 | -- |
Holdings After Transaction:
Option (Right to Buy) — 23,940 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 23,940 options
Exercise price: $7.31 per share
Underlying shares: 23,940 shares
+3 more
6 metrics
Option grant size
23,940 options
Grant of options on Class B Common Stock
Exercise price
$7.31 per share
Conversion or exercise price of the options
Underlying shares
23,940 shares
Class B Common Stock underlying the options
Holdings after grant
23,940 options
Total options held following this transaction
Grant date
May 20, 2026
Date the option award was granted
Vesting condition
12-month service requirement
Becomes exercisable on 12-month anniversary of grant
Key Terms
Option (Right to Buy), 2025 Omnibus Equity Incentive Plan, Stock Option Grant Notice and Option Agreement, Class B Common Stock
4 terms
Option (Right to Buy) financial
"security_title: Option (Right to Buy)"
2025 Omnibus Equity Incentive Plan financial
"The option was granted pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan"
Stock Option Grant Notice and Option Agreement financial
"and a Stock Option Grant Notice and Option Agreement."
Class B Common Stock financial
"underlying_security_title: Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What did Newsmax (NMAX) disclose about Christopher Nixon Cox’s latest equity grant?
Newsmax disclosed that director Christopher Nixon Cox received 23,940 stock options. These options allow him to buy Class B common shares at $7.31 per share, granted under the 2025 Omnibus Equity Incentive Plan at no upfront cost, subject to standard vesting conditions.
How many Newsmax (NMAX) options did Christopher Nixon Cox receive and at what price?
Christopher Nixon Cox received 23,940 Newsmax stock options with a $7.31 exercise price. Each option covers one share of Class B common stock, giving him a future purchase right if the options vest and he chooses to exercise them.
When do Christopher Nixon Cox’s Newsmax (NMAX) stock options vest?
The 23,940 Newsmax stock options granted to Christopher Nixon Cox vest on the 12‑month anniversary of the May 20, 2026 grant date. Vesting requires that he continue to provide services to Newsmax through that one‑year anniversary date.
What plan governs Christopher Nixon Cox’s new Newsmax (NMAX) option award?
The option award to Christopher Nixon Cox was granted under Newsmax’s 2025 Omnibus Equity Incentive Plan. It is also documented in a Stock Option Grant Notice and Option Agreement, which together define the option’s terms, including vesting and exercisability conditions.
Does Christopher Nixon Cox hold his Newsmax (NMAX) options directly or indirectly?
Christopher Nixon Cox holds his 23,940 Newsmax stock options directly. The Form 4 identifies his ownership type and code as direct, meaning the options are not reported as being held through a separate trust, fund, or other intermediary entity.