Director of Newton Golf (NWTG) awarded 50,000 stock warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newton Golf Company, Inc. director Hoge Brett Widney reported awards of derivative securities tied to the company’s common stock. Two entities associated with him received warrants to buy a total of 50,000 shares at an exercise price of $1.7500 per share, exercisable from March 16, 2026 until March 16, 2031.
An LLC received warrants for 20,000 underlying shares, and the Brett Widney Hoge Revocable Trust dated July 7, 2014 received warrants for 30,000 underlying shares. These are compensation-type grants with no open-market purchases or sales of common stock reported in this filing, and the holdings are reported as indirect ownership through those entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoge Brett Widney
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrants (right to buy) | 20,000 | $0.00 | -- |
| Grant/Award | Warrants (right to buy) | 30,000 | $0.00 | -- |
Holdings After Transaction:
Warrants (right to buy) — 20,000 shares (Indirect, By LLC)
Footnotes (1)
FAQ
What did Newton Golf (NWTG) disclose in this Form 4 filing?
Newton Golf (NWTG) disclosed that director Hoge Brett Widney reported awards of derivative securities. Two entities associated with him received warrants linked to 50,000 underlying common shares as compensation, without any open-market purchases or sales of common stock reported.
How many warrants tied to Newton Golf (NWTG) stock were granted?
Entities associated with director Hoge Brett Widney were granted warrants tied to a total of 50,000 Newton Golf common shares. One LLC received 20,000 underlying shares and a revocable trust received 30,000, all documented as derivative awards in this Form 4 filing.
What is the exercise price and term of the Newton Golf (NWTG) warrants?
The warrants reported in the filing have an exercise price of $1.7500 per Newton Golf common share. They become exercisable on March 16, 2026 and expire on March 16, 2031, giving the associated entities a five-year window to exercise the awards.
Were there any open-market buys or sells of Newton Golf (NWTG) stock?
No open-market buys or sells of Newton Golf common stock were reported. The Form 4 only shows grant or award acquisitions of warrants, coded as “A,” indicating compensation-related derivative awards rather than market purchases or sales by the reporting person or related entities.
How are the Newton Golf (NWTG) warrants held by director Hoge Brett Widney reported?
The warrants are reported as indirect ownership. One block is held “By LLC” and another by the Brett Widney Hoge Revocable Trust dated July 7, 2014, meaning the positions are attributed to entities associated with the director rather than direct personal holdings in his own name.
What type of security did Newton Golf (NWTG) grant in this Form 4?
The filing reports grants of “Warrants (right to buy)” as derivative securities. Each warrant block corresponds to Newton Golf common stock, with 50,000 underlying shares in total, giving the associated entities the right to purchase shares at a fixed exercise price during the stated term.