COO at Brag House (TBH) gets 570,778 new common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brag House Holdings, Inc. Chief Operating Officer Daniel Leibovich restructured his equity awards on March 18, 2026. The board approved canceling stock options covering 570,778 shares and issuing 570,778 fully vested restricted stock units instead, which were then converted into 570,778 shares of common stock at no cost. Following these non-market, compensation-related transactions, he directly holds 791,767 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
570,778 shares exercised/converted
Mixed
4 txns
Insider
Leibovich Daniel
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| H | Stock Option (right to buy) | 570,778 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 570,778 | $0.00 | -- |
| Conversion | Restricted Stock Unit | 570,778 | $0.00 | -- |
| Grant/Award | Common Stock | 570,778 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Restricted Stock Unit — 570,778 shares (Direct);
Common Stock — 791,767 shares (Direct)
Footnotes (1)
- On March 18, 2026, the Board of Directors (the "Board") approved a corrective action whereby the Company and the Reporting Person agreed to mutually cancel all outstanding stock option awards held by the Reporting Person, consisting of 570,778 shares subject to the options held and issue 570,778 restricted stock units ("RSUs") in lieu of the number of shares underlying the cancelled stock options. These securities are RSUs, which were issued pursuant to the Company's 2024 Omnibus Incentive Plan. The RSUs are fully vested and immediately exercisable. 347,222 of the stock options had an exercise price of $0.576 per share, were exercisable in accordance with the vesting schedule, and were set to expire on March 5, 2035. The remaining 223,556 stock options had an exercise price of $1 per share, were exercisable immediately and were set to expire on July 18, 2030. The RSUs do not expire, they either vest or are canceled prior to vesting date.
FAQ
What insider equity change did TBH COO Daniel Leibovich report?
Daniel Leibovich replaced options with shares. He canceled stock options covering 570,778 shares and received the same number of restricted stock units, which immediately converted into 570,778 shares of Brag House common stock as a compensation-related adjustment.
What corrective action did Brag House’s board take regarding the COO’s options?
The board approved a corrective equity swap. It mutually canceled all outstanding stock option awards held by Daniel Leibovich, covering 570,778 shares, and issued 570,778 restricted stock units in lieu of the shares underlying the canceled options on March 18, 2026.
What were the terms of the canceled TBH stock options?
The canceled options had two exercise prices and expiries. 347,222 options carried a $0.576 exercise price expiring March 5, 2035, while 223,556 options had a $1.00 exercise price expiring July 18, 2030, with varying vesting conditions before cancellation.
How do the new Brag House RSUs issued to the COO work?
The RSUs are fully vested and immediately exercisable. Issued under the 2024 Omnibus Incentive Plan, these restricted stock units do not have an expiration date; they either vest or are canceled before vesting, and in this case converted into 570,778 common shares on March 18, 2026.