Eightco Holdings (OCTO) director granted 50,000 stock options at $1.01
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eightco Holdings Inc. director Louis Foreman received a grant of stock options as board compensation. The award covers 50,000 options to buy common stock at an exercise price of $1.01 per share, with 50,000 derivative securities held after this grant.
The options were issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan for service on Eightco’s Board of Directors. They vest in four equal annual installments of 25% each, beginning on the first anniversary of the grant date, and expire ten years after the grant, on March 11, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foreman Louis
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)
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FAQ
What did Eightco Holdings (OCTO) director Louis Foreman receive in this Form 4?
Louis Foreman received a grant of 50,000 stock options as compensation for serving on Eightco’s Board of Directors. These options allow him to buy common shares at a fixed exercise price if they vest and are exercised.
What are the key terms of Louis Foreman’s 50,000 stock options at Eightco Holdings (OCTO)?
The 50,000 stock options have an exercise price of $1.01 per share and relate to Eightco common stock. They were granted as compensation under the company’s long-term incentive plan for board service rather than purchased in the open market.
How do the Eightco Holdings (OCTO) options granted to Louis Foreman vest?
The options vest in four equal annual installments of 25% each. Vesting begins on the first anniversary of the grant date, and each installment requires Louis Foreman to continue serving the company through the applicable vesting date.
When do Louis Foreman’s Eightco Holdings (OCTO) stock options expire?
The options expire ten years after the grant date, on March 11, 2036. After that expiration date, any unexercised options become worthless and can no longer be used to purchase Eightco common shares.
How many Eightco Holdings (OCTO) derivative securities does Louis Foreman hold after this grant?
Following this grant, Louis Foreman holds 50,000 derivative securities related to Eightco common stock. All 50,000 are stock options from this award, reflecting his potential right to buy shares if vesting and exercise conditions are satisfied.
Under which plan were the Eightco Holdings (OCTO) options to Louis Foreman issued?
The stock options were issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan. This plan is used to grant equity-based compensation, and in this case it provides Louis Foreman options for his service on Eightco’s Board of Directors.