Rainmaker Worldwide: White’s 3.33M-option award ended
The option award was surrendered without payment, and no options under it remained outstanding after April 30, 2026.
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Rhea-AI Filing Summary
Rainmaker Worldwide Inc. (RAKR) reported an indirect acquisition by Kelly Michelle White, identified as a greater-than-10% owner on the transaction date, of a stock option held through 2752128 Ontario Ltd. The option covered 3,330,332 common shares and had a $0.0209 exercise price. It vests in equal monthly installments over 24 months from January 12, 2026, subject to the award terms, and had a contractual expiration date of January 12, 2031.
Effective April 30, 2026, the unvested portion was forfeited and all vested and outstanding portions were surrendered without payment, replacement award, or other consideration. No options under this award remained outstanding after that date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Option (Right to Buy) F2, F1, F3 | 3,330,332 | $0.00 | $0.00 |
Footnotes (3)
- F1. The option vests in equal monthly installments over twenty-four months from January 12, 2026, subject to the award terms. This replaces the unqualified grant-date exercisability entry. The contractual expiration date is January 12, 2031.
- F2. This amendment changes code A to J without asserting a Rule 16b-3(d) exemption. The 3,330,332-share grant, $0.0209 exercise price, five-year term and indirect ownership are unchanged.
- F3. Subsequently, effective April 30, 2026, the unvested portion was forfeited and the holder surrendered all vested and outstanding portions without payment, replacement award or other consideration. No options under this award remained outstanding after that date. The 3,330,332 ending balance above is historical, immediately after the January grant.
Key Figures
Key Terms
exercise price financial
vests in equal monthly installments technical
Rule 16b-3(d) exemption regulatory
FAQ
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When were Kelly Michelle White's RAKR options surrendered?
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