Eightco director granted 4M stock options at $1.01
Eightco Holdings Inc. director Lee Thomas Jong received a grant of stock options as compensation for his service on the company’s Board of Directors.
Rhea-AI Filing Summary
Eightco Holdings Inc. director Lee Thomas Jong received a grant of stock options as compensation for his service on the company’s Board of Directors. The award covers 4,000,000 stock options, each giving the right to buy one share of common stock at an exercise price of $1.01 per share.
The options vest in four equal annual installments of 25%, beginning on the first anniversary of the grant date, so full vesting occurs over four years if he continues serving the company. All of these options are reported as directly owned, and they will expire ten years after the grant date if not exercised.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 4,000,000 | $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
What did Lee Thomas Jong receive in this Eightco Holdings (ORBS) Form 4?
What is the exercise price of the new Eightco Holdings stock options?
How do the Eightco Holdings (ORBS) options granted to Jong vest over time?
When do Lee Thomas Jong’s Eightco Holdings stock options expire?
Are the Eightco Holdings (ORBS) options held directly or indirectly by Lee Thomas Jong?
What role does the Cryptyde, Inc. 2022 Long-Term Incentive Plan play in this Eightco grant?
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