Splash Beverage (SBEV) interim CEO receives 925K stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SPLASH BEVERAGE GROUP, INC. reported that Interim CEO and director Brady James Cobb received a grant of 925,000 non-qualified stock options. The options allow him to buy common stock at an exercise price of $0.25 per share and are fully vested.
The options were approved by the board under the company’s 2025 Equity Incentive Plan and are subject to the company’s standard Stock Option Agreement. Following this award, Cobb holds 925,000 stock options, which expire on June 8, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cobb Brady James
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 925,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 925,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 925,000 options
Exercise price: $0.25 per share
Underlying shares: 925,000 shares
+3 more
6 metrics
Options granted
925,000 options
Non-qualified stock options to Interim CEO
Exercise price
$0.25 per share
Exercise price of granted options
Underlying shares
925,000 shares
Common stock underlying the options
Total options after grant
925,000 options
Total derivative holdings following transaction
Transaction date
June 8, 2026
Grant date of stock options
Expiration date
June 8, 2036
Options expiration
Key Terms
non-qualified stock options, 2025 Equity Incentive Plan, Section 16(b), Rule 16b-3, +1 more
5 terms
non-qualified stock options financial
"The grant of the Issuer's non-qualified stock options was exempt"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
2025 Equity Incentive Plan financial
"The options were granted under the Issuer's 2025 Equity Incentive Plan"
Section 16(b) regulatory
"exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"by virtue of Rule 16b-3 promulgated thereunder, as it was approved"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Stock Option Agreement financial
"subject to execution of the Issuer's standard form of Stock Option Agreement"
A stock option agreement is a formal contract that gives an individual the right to buy or sell a specific number of shares of a company's stock at a set price within a certain period. For investors, it’s an important tool because it can provide opportunities to profit from stock price movements or to protect against potential losses, making it a key element in financial planning and investment strategies.
FAQ
What insider transaction did SPLASH BEVERAGE (SBEV) report for Brady James Cobb?
SPLASH BEVERAGE reported that Interim CEO Brady James Cobb received 925,000 non-qualified stock options. These options were granted as compensation, not bought on the open market, and give him the right to purchase common shares at a fixed exercise price.
How many options did SBEV’s interim CEO receive and at what exercise price?
The interim CEO received 925,000 stock options with an exercise price of $0.25 per share. This grant provides the right, but not an obligation, to buy common stock at that fixed price under the equity incentive plan.
When do the newly granted SBEV stock options to the interim CEO expire?
The 925,000 stock options granted to SBEV’s interim CEO expire on June 8, 2036. This long-dated expiration gives extended time for potential exercise if future market conditions make exercising the options attractive.
Are the SBEV stock options granted to Brady James Cobb already vested?
Yes, the options granted to Brady James Cobb are fully vested according to the disclosure. Although exercisability is subject to executing the standard Stock Option Agreement, no additional service-based vesting conditions apply to this grant.
Under what plan were SBEV’s interim CEO stock options granted?
The 925,000 stock options for SBEV’s interim CEO were granted under the company’s 2025 Equity Incentive Plan. This plan governs equity-based compensation awards, including option terms, and was used to structure this non-qualified option grant.
Was the SBEV interim CEO option grant approved for Section 16(b) purposes?
Yes, the grant was approved by the board and is stated as exempt from Section 16(b) under Rule 16b-3. This exemption helps ensure the compensation-related option grant is not treated like a short-swing profit transaction under insider rules.