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SRM CFO Shows Confidence: Acquires $56,000 in Company Stock Through Options

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Douglas O. McKinnon, Chief Financial Officer of SRM Entertainment, exercised 100,000 stock options on June 23, 2025. The transaction details include:

  • Exercise price of $0.56 per share
  • Options were granted under the company's 2024 Equity Incentive Plan
  • Options had an exercise period from May 23, 2025 to May 23, 2030
  • Following the transaction, McKinnon owns 436,388 shares directly
  • Retains 375,000 additional stock options

This Form 4 filing indicates a significant insider transaction where the CFO has converted derivative securities (stock options) into common stock, potentially signaling confidence in the company's prospects. The exercise price of $0.56 suggests these were likely granted as part of executive compensation.

Positive

  • None.

Negative

  • None.
Insider MCKINNON DOUGLAS O
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Stock option (right to buy) 100,000 $0.00 --
Exercise Common Stock 100,000 $0.56 $56K
Holdings After Transaction: Stock option (right to buy) — 375,000 shares (Direct); Common Stock — 436,388 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
MCKINNON DOUGLAS O
(Last) (First) (Middle)
C/O SRM ENTERTAINMENT, INC.
941 W. MORSE BLVD. SUITE 100
(Street)
WINTER PARK FL 32789
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SRM Entertainment, Inc. [ SRM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 06/23/2025 M 100,000 A $0.56 436,388 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock option (right to buy) $0.56 06/23/2025 M 100,000(1) 05/23/2025 05/23/2030 Common Stock 100,000 $0 375,000 D
Explanation of Responses:
1. The stock options ("Options") were issued pursuant to the Company's 2024 Equity Incentive Plan.
/s/ Douglas O. McKinnon 06/25/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many SRM shares did CFO Douglas McKinnon exercise through stock options on June 23, 2025?

CFO Douglas McKinnon exercised stock options to acquire 100,000 shares of SRM common stock at an exercise price of $0.56 per share on June 23, 2025.

What is the total number of SRM shares Douglas McKinnon owns after the June 2025 transaction?

Following the reported transaction, Douglas McKinnon directly owns 436,388 shares of SRM common stock.

What is the expiration date of SRM CFO McKinnon's remaining stock options?

The stock options held by CFO McKinnon expire on May 23, 2030, with an exercise price of $0.56 per share.

How many stock options does SRM's CFO still have after exercising the June 2025 transaction?

After exercising 100,000 options, CFO Douglas McKinnon still holds 375,000 stock options under SRM's 2024 Equity Incentive Plan.

When were SRM CFO McKinnon's stock options first exercisable?

According to the Form 4 filing, the stock options became exercisable on May 23, 2025, as part of SRM's 2024 Equity Incentive Plan.