Form 4: SBEV awards CFO 15,000 stock options; 1-for-40 split noted
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Splash Beverage Group (SBEV) filed a Form 4 reporting an option grant to its CFO. On March 20, 2025, the officer was awarded stock options covering 15,000 shares at an exercise price of $6.04, expiring on March 20, 2030. The options were acquired at a price of $0 and are held directly.
The vesting schedule is 5,000 already vested, 5,000 vesting on March 20, 2026, and 5,000 vesting on March 20, 2027, in each case subject to continued service. The filing notes that figures give effect to a 1-for-40 reverse stock split effective March 27, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Devereux William T
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 15,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 15,000 shares (Direct)
Footnotes (1)
- The stock options vest as follows: 5,000 are vested, 5,000 vest on March 20, 2026 and 5,000 vest on March 20, 2027, subject in each case to continued services to the Company as of each applicable vesting date. Gives effect to a reverse stock split of 1-for-40 effective March 27, 2025.
FAQ
What did Splash Beverage (SBEV) disclose on this Form 4?
A grant of stock options to the CFO covering 15,000 shares at an exercise price of $6.04, dated March 20, 2025.
What is the vesting schedule for the SBEV CFO’s options?
Vesting is 5,000 already vested, 5,000 on March 20, 2026, and 5,000 on March 20, 2027, subject to continued service.
When do the SBEV CFO’s options expire and at what price?
They expire on March 20, 2030 with an exercise price of $6.04 per share.
How many derivative securities are beneficially owned after the transaction?
The Form 4 reports 15,000 derivative securities beneficially owned following the transaction.
What ownership form is indicated for the options?
The options are reported as Direct (D) ownership.
Does the filing reference any stock split for SBEV?
Yes, it notes a 1-for-40 reverse stock split effective March 27, 2025.