Algorhythm CEO granted 740,597 stock options
ATKINSON GARY KEVIN reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
ATKINSON GARY KEVIN reported acquisition or exercise transactions in this Form 4 filing.
Algorhythm Holdings, Inc. reported that Chief Executive Officer Gary Kevin Atkinson received a grant of a non-qualified stock option covering 740,597 shares of the company’s common stock. The option was awarded by the board under his amended and restated employment agreement dated February 23, 2026.
The non-qualified stock option was granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan. The shares subject to this option vest and become exercisable in equal quarterly installments over four years starting on February 23, 2026, tying the award to the CEO’s continued service over that period.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 740,597 | $0.00 | $0.00 |
Footnotes (2)
- F1. The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 740,597 shares of the Issuer's common stock. The non-qualified stock option was granted by the Board of Directors of the Issuer pursuant to the Reporting Person's amended and restated employment agreement dated February 23, 2026. The options were granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan.
- F2. The shares subject to the non-qualified stock option shall vest and become exercisable in equal quarterly installments over a period of four (4) years commencing on February 23, 2026.
FAQ
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What insider transaction did Algorhythm Holdings (RIME) report on this Form 4?
How does the CEO’s new Algorhythm (RIME) stock option vest?
What type of equity award did Algorhythm (RIME) grant its CEO?
Under which plan was the Algorhythm (RIME) CEO’s option grant issued?
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