Brag House (TBH) CEO cancels options, gains 570,778 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brag House Holdings, Inc. Chairman and CEO Malloy Lavell Juan II restructured his equity compensation on March 18, 2026. The company and the executive agreed to cancel stock options covering 570,778 shares of common stock and issue 570,778 restricted stock units (RSUs) instead.
The RSUs were fully vested and immediately exercisable, and were then converted into 570,778 shares of common stock at no cash cost. Following these transactions, Malloy held 980,851 shares of common stock directly. No open‑market purchases or sales occurred; this was a compensation and structure change.
Positive
- None.
Negative
- None.
Insider Trade Summary
570,778 shares exercised/converted
Mixed
4 txns
Insider
Malloy Lavell Juan II
Role
Chairman and CEO
| 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 — 980,851 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 did TBH Chairman and CEO Malloy Lavell Juan II report on this Form 4?
He reported a restructuring of his equity awards. 570,778 stock options were mutually canceled and replaced with 570,778 restricted stock units, which were then converted into common shares as part of his compensation package.
Were there any open-market buys or sells of TBH stock in this Form 4?
No open-market trades occurred. The filing shows option cancellations, RSU grants, and RSU conversion into common stock, all at a stated price of $0.00 per share, reflecting non-cash compensation adjustments rather than market transactions.
Why were 570,778 stock options for TBH canceled and replaced with RSUs?
The Board approved a corrective action under which all outstanding options held by the CEO, covering 570,778 shares, were mutually canceled and replaced with the same number of RSUs, simplifying his equity compensation structure according to the disclosed terms.
What were the terms of the canceled Brag House (TBH) stock options?
347,222 options had a $0.576 exercise price and were set to expire on March 5, 2035. The remaining 223,556 options had a $1.00 exercise price and were set to expire on July 18, 2030, according to the disclosure.
How do the new TBH RSUs differ from the canceled stock options?
The new RSUs are fully vested and immediately exercisable with no expiration date; they either vest or are canceled before vesting. By contrast, the canceled options had fixed exercise prices and specified future expiration dates tied to earlier grants.