Eightco (OCTO) director awarded 50,000 stock options at $1.01
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eightco Holdings Inc. director Frank D. Jennings received a grant of stock options as compensation for serving on the Board of Directors. The award covers 50,000 options to buy common stock at an exercise price of $1.01 per share.
The options vest in four equal annual installments of 25% each, starting on the first anniversary of the grant date, contingent on his continued service with the company. Any unexercised options expire ten years after the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jennings Frank D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 50,000 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did director Frank D. Jennings receive in this Eightco (OCTO) Form 4?
Director Frank D. Jennings received a grant of 50,000 stock options as compensation for Board service. Each option allows him to buy Eightco common stock at an exercise price of $1.01 per share, subject to vesting conditions over four years.
What is the exercise price and size of the Eightco (OCTO) stock option grant?
The grant consists of 50,000 stock options with an exercise price of $1.01 per share. This means Jennings can purchase up to 50,000 shares of Eightco common stock at $1.01, once the options vest and before they expire.
How do the Eightco (OCTO) stock options granted to Jennings vest over time?
The stock options vest in four equal annual installments of 25% each. Vesting begins on the first anniversary of the grant date and continues annually, provided Jennings maintains continuous service with Eightco through each applicable vesting date.
When do the stock options granted to Frank D. Jennings at Eightco (OCTO) expire?
The stock options expire ten years after the grant date. If they are not exercised within this ten-year period, any remaining unexercised options will lapse, and Jennings will no longer have the right to purchase those shares under this grant.
Under what plan were Frank D. Jennings’ Eightco (OCTO) options issued?
The options were issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan as compensation for Board service at Eightco Holdings. This plan provides equity-based awards, such as stock options, to align director and company interests through potential future share ownership.