Eightco director granted 50,000 stock options
Eightco Holdings Inc. director Frank D. Jennings received a grant of stock options as compensation for serving on the Board of Directors.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 50,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. The stock options were issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan (the "Plan") as compensation for services on the Board of Directors of Eightco Holdings Inc. (the "Company"). Each stock option shall vest in four (4) equal annual installments of 25% each, beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Company through each applicable vesting date. Each stock option shall expire on the date that is ten (10) years following the grant date.
FAQ
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What did director Frank D. Jennings receive in this Eightco (OCTO) Form 4?
What is the exercise price and size of the Eightco (OCTO) stock option grant?
How do the Eightco (OCTO) stock options granted to Jennings vest over time?
When do the stock options granted to Frank D. Jennings at Eightco (OCTO) expire?
Under what plan were Frank D. Jennings’ Eightco (OCTO) options issued?
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