OpenWorld CFO-linked option exercise price now $6.54

Available on EDGAR 11/09/2026 - 04:33 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:32 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

OpenWorld, Inc. Chief Financial Officer Gerard Albert Palana Hernandez reported that GM Consulting Group Inc. amended an outstanding option on November 5, 2026: an option covering 145,035 shares with a $6.51 exercise price was cancelled and a replacement option covering 145,035 shares with a $6.54 exercise price was granted. The option was reported as fully vested, and the replacement expires August 27, 2036. Mr. Hernandez has beneficial ownership over shares held by GM Consulting Group Inc. and LB2 Capital Partners LLC. The reported indirect holdings include 386,348 common shares through GM Consulting Group and 17,077 through LB2; GM Consulting Group also holds an option covering 154,539 common shares at a $2.18 exercise price, expiring December 7, 2035.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hernandez Gerard Albert Palana

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Disposition	Stock Option (Right to Buy) F3, F1	145,035	--	--
Grant/Award	Stock Option (Right to Buy) F3, F1	145,035	--	--
Holding	Stock Option (Right to Buy) F4, F1	--	--	--
Holding	Common Stock F1	--	--	--
Holding	Common Stock F2	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 299,574 options, with 154,539 underlying shares of Common Stock (Indirect, By GM Consulting Group Inc.); Common Stock — 386,348 shares (Indirect, By GM Consulting Group Inc.); Common Stock — 17,077 shares (Indirect, By LB2 Capital Partners LLC)

Footnotes (4)

1. F1. Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.
2. F2. Mr. Hernandez has beneficial ownership over the shares held by LB2 Capital Partners LLC.
3. F3. The two reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally assumed in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026 and is fully vested as of the date of this report.
4. F4. This option is fully vested as of the date of this report.

Key Figures

Cancelled option: 145,035 shares Cancelled option exercise price: $6.51 per share Replacement option: 145,035 shares +5 more

8 metrics

Cancelled option 145,035 shares Option amendment reported for November 5, 2026

Cancelled option exercise price $6.51 per share Option amendment reported for November 5, 2026

Replacement option 145,035 shares Granted November 5, 2026; expires August 27, 2036

Replacement option exercise price $6.54 per share Option granted November 5, 2026

Other option underlying shares 154,539 shares GM Consulting Group Inc.; expires December 7, 2035

Other option exercise price $2.18 per share GM Consulting Group Inc.; option expires December 7, 2035

Indirect common-stock holdings 386,348 shares Held through GM Consulting Group Inc.

Indirect common-stock holdings 17,077 shares Held through LB2 Capital Partners LLC

Key Terms

beneficial ownership, exercise price, fully vested

3 terms

beneficial ownership financial

"beneficial ownership over the shares held by GM Consulting Group Inc."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

exercise price financial

"conversion or exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

fully vested technical

"This option is fully vested as of the date of this report."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What option change was reported for OPNW?

On November 5, 2026, GM Consulting Group Inc. had an outstanding option covering 145,035 shares cancelled and received a replacement option covering 145,035 shares. The old option's exercise price was $6.51 per share, and the replacement option's exercise price is $6.54 per share. The option was reported as fully vested.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hernandez Gerard Albert Palana

(Last) (First) (Middle)

C/O OPENWORLD, INC.

801 INTERNATIONAL PARKWAY, FIFTH FLOOR

(Street)

LAKE MARY FLORIDA 32746

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OpenWorld, Inc. [ OPNW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								386,348	I	By GM Consulting Group Inc.(1)
Common Stock								17,077	I	By LB2 Capital Partners LLC(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$6.51	11/05/2026		D(3)			145,035	(3)	08/27/2036	Common Stock	145,035	(3)	0	I	By GM Consulting Group Inc.(1)
Stock Option (Right to Buy)	$6.54	11/05/2026		A(3)		145,035		(3)	08/27/2036	Common Stock	145,035	(3)	145,035	I	By GM Consulting Group Inc.(1)
Stock Option (Right to Buy)	$2.18							(4)	12/07/2035	Common Stock	154,539		154,539	I	By GM Consulting Group Inc.(1)

Explanation of Responses:

1. Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.

2. Mr. Hernandez has beneficial ownership over the shares held by LB2 Capital Partners LLC.

3. The two reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally assumed in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026 and is fully vested as of the date of this report.

4. This option is fully vested as of the date of this report.

	/s/ Gerard Hernandez	11/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)