SRM Chief Boosts Stake With 200K-Share Option Exercise

Rhea-AI Filing Summary

SRM Entertainment (NASDAQ:SRM) filed a routine Form 4 disclosing CEO Richard A. Miller’s exercise of 200,000 stock options at $0.56 per share, increasing his direct ownership to 800,000 shares. No open-market purchases or sales were reported.

Insights

Securities Ownership Analyst

CEO Richard Miller exercised 200,000 stock options at $0.56/share, increasing his direct ownership to 800,000 shares.

This Form 4 filing reveals that Richard A. Miller, SRM Entertainment's Chief Executive Officer and Director, exercised 200,000 stock options on June 23, 2025, at a strike price of $0.56 per share. This transaction increased Miller's direct ownership position to 800,000 shares of common stock. The exercised options were granted under the company's 2023 Equity Incentive Plan and had become exercisable on May 23, 2025, with an expiration date of May 23, 2030.

After this transaction, Miller still retains 165,000 unexercised stock options at the same $0.56 strike price. The decision to exercise these options rather than allowing them to remain unexercised is particularly noteworthy. By converting options to actual shares, Miller has increased his direct equity stake in the company he leads, potentially signaling confidence in SRM's future prospects.

The timing of this exercise is also relevant, as Miller chose to exercise the options approximately one month after they became exercisable rather than waiting until closer to their 2030 expiration date. This transaction represents a significant position change for a key insider at SRM Entertainment, with the 200,000 newly acquired shares representing 25% of his post-transaction direct holdings.

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^*

Miller Richard A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		200,000	A	$0.56	800,000	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			200,000(1)	05/23/2025	05/23/2030	Common Stock	200,000	$0.56	165,000	D

Explanation of Responses:

1. The stock options were issued pursuant to the Company's 2023 Equity Incentive Plan.

	/s/ Richard A. Miller	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.

FAQ

What insider transaction did SRM report on June 26 2025?

CEO Richard A. Miller exercised options for 200,000 shares at $0.56, boosting his direct stake to 800,000 shares.

Did SRM’s CEO sell shares on the open market?

No. The Form 4 shows an option exercise (code M)—no open-market sale or purchase occurred.

How many options does the CEO still hold after the exercise?

Miller retains 165,000 stock options under the 2023 Equity Incentive Plan.

What is the dollar value of the shares acquired in this Form 4?

At the $0.56 exercise price, the 200,000 shares are valued at approximately $112,000.