Eightco Holdings (OCTO) awards CFO 100,000 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eightco Holdings Inc. reported that CFO and director Brett Earl James Vroman received a grant of stock options covering 100,000 shares of common stock as compensation for Board service. The options have an exercise price of $1.01 per share and expire on March 11, 2036.
The award vests in four equal annual installments of 25% each, beginning on the first anniversary of the grant date, conditioned on his continued service with the company. Following this grant, Vroman holds stock options for 100,000 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vroman Brett Earl James
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 100,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Eightco Holdings Inc. (OCTO) report in this Form 4?
Eightco Holdings Inc. reported a stock option grant to CFO and director Brett Earl James Vroman. He received options over 100,000 common shares as compensation for Board service, with specific vesting terms and a defined exercise price and expiration date.
What is the exercise price and expiration date of the Eightco Holdings (OCTO) options?
The stock options have an exercise price of $1.01 per share and expire on March 11, 2036. This gives the insider a long-term right to purchase Eightco Holdings common stock at that fixed price, subject to vesting and continued service conditions.
How do the Eightco Holdings (OCTO) options vest for the CFO and director?
The options vest in four equal annual installments of 25% each, starting on the first anniversary of the grant date. Vesting is conditioned on the reporting person’s continued service with Eightco Holdings through each applicable vesting date over the four-year schedule.
Was this Eightco Holdings (OCTO) Form 4 an open-market purchase or a compensation grant?
This Form 4 reports a compensation-related grant, not an open-market purchase. The 100,000 stock options were issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan as compensation for Board service, with no cash paid per option at grant.