OpenWorld: McMeekin option exercise price rises to $6.54

Q: What happened to Russel Harold McMeekin's OPNW stock option?

On November 5, 2026, the option covering 469,567 shares at a $6.51 exercise price was canceled and replaced by an option covering 469,567 shares at a $6.54 exercise price; both expire August 27, 2036.

Subject to continuous service, one-third of the options vest on the first anniversary of September 15, 2024, followed by 1/36 monthly through the third anniversary.

Available on EDGAR 11/09/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:32 PM EST

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Form Type

Rhea-AI Filing Summary

OpenWorld, Inc.'s Global Corporate President, Russel Harold McMeekin, had an outstanding stock option amended on November 5, 2026: the option covering 469,567 shares at a $6.51 exercise price was canceled and replaced with an option covering 469,567 shares at a $6.54 exercise price. Both options expire August 27, 2036. The replacement option vests subject to continuous service.

A separate reported option covers 216,355 common shares at a $2.18 exercise price and expires December 7, 2035.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McMeekin Russel Harold

Role Global Corporate President

Type	Security	Shares	Price	Value
Disposition	Stock Option (Right to Buy) ^F1	469,567	--	--
Grant/Award	Stock Option (Right to Buy) ^F1	469,567	--	--
Holding	Stock Option (Right to Buy) ^F2	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 685,922 options, with 216,355 underlying shares of Common Stock (Direct)

Footnotes (2)

F1. 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. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options will vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options will vest on same day of each succeeding calendar month, such that all options will be fully vested on the 3-year anniversary of the Vesting Commencement Date.
F2. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options will vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options will vest on same day of each succeeding calendar month, such that all options will be fully vested on the 3-year anniversary of the Vesting Commencement Date.

Key Figures

Underlying shares on canceled option: 469,567 shares Exercise price of canceled option: $6.51 per share Underlying shares on replacement option: 469,567 shares +5 more

8 metrics

Underlying shares on canceled option 469,567 shares Option amended November 5, 2026

Exercise price of canceled option $6.51 per share Option amended November 5, 2026

Underlying shares on replacement option 469,567 shares Option granted November 5, 2026

Exercise price of replacement option $6.54 per share Option granted November 5, 2026

Expiration date of canceled and replacement options August 27, 2036 Both options

Underlying shares on separate option 216,355 shares Separate reported option

Exercise price of separate option $2.18 per share Separate reported option

Expiration date of separate option December 7, 2035 Separate reported option

Key Terms

replacement option, Vesting Commencement Date, fully vested, exercise price

4 terms

replacement option technical

"grant of a replacement option"

Vesting Commencement Date technical

"the "Vesting Commencement Date""

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

fully vested technical

"all options will be fully vested"

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.

FAQ

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What happened to Russel Harold McMeekin's OPNW stock option?

On November 5, 2026, the option covering 469,567 shares at a $6.51 exercise price was canceled and replaced by an option covering 469,567 shares at a $6.54 exercise price; both expire August 27, 2036.

What is the vesting schedule for McMeekin's OPNW options?

Subject to continuous service, one-third of the options vest on the first anniversary of the September 15, 2024 Vesting Commencement Date; 1/36 vests on the same day of each succeeding calendar month, with all options fully vested on the third anniversary.

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^*

McMeekin Russel Harold

(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)
	Global Corporate President

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$6.51	11/05/2026		D⁽¹⁾			469,567	⁽¹⁾	08/27/2036	Common Stock	469,567	⁽¹⁾	0	D
Stock Option (Right to Buy)	$6.54	11/05/2026		A⁽¹⁾		469,567		⁽¹⁾	08/27/2036	Common Stock	469,567	⁽¹⁾	469,567	D
Stock Option (Right to Buy)	$2.18							⁽²⁾	12/07/2035	Common Stock	216,355		216,355	D

Explanation of Responses:

1. 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. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options will vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options will vest on same day of each succeeding calendar month, such that all options will be fully vested on the 3-year anniversary of the Vesting Commencement Date.

2. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options will vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options will vest on same day of each succeeding calendar month, such that all options will be fully vested on the 3-year anniversary of the Vesting Commencement Date.

	/s/ Gerard Hernandez, Attorney-in-Fact for Russel Harold McMeekin	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)

Source: View Original Filing on SEC EDGAR