Table Trac (TBTC) awards 100,000 stock options to CEO Randy Gilbert
Rhea-AI Filing Summary
Table Trac, Inc. granted a stock option to its Chief Executive Officer and Chief Financial Officer, Randy Gilbert, under the company’s 2021 Stock Incentive Plan. The option covers 100,000 shares of common stock at an exercise price of $4.51 per share, equal to the closing price on the August 7, 2026 grant date.
The option has a 10-year term and will vest over four years: 16,000 shares vest on the one-year anniversary of the grant, with the remaining shares vesting in equal annual installments over the following three years, subject to Mr. Gilbert’s continued employment through each vesting date.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Option Shares Granted: 100,000 shares
Exercise Price: $4.51 per share
Option Term: 10 years
+2 more
5 metrics
Option Shares Granted
100,000 shares
Stock option granted to Randy Gilbert on August 7, 2026
Exercise Price
$4.51 per share
Exercise price equal to closing price on grant date
Option Term
10 years
Expiration 10 years from the August 7, 2026 grant date
Initial Vesting Tranche
16,000 shares
Vest on the one-year anniversary of the grant date
Vesting Period
4 years
Initial one-year cliff, then equal annual installments over next three years
Key Terms
2021 Stock Incentive Plan, exercise price, vesting, emerging growth company
4 terms
2021 Stock Incentive Plan financial
"pursuant to the Company’s 2021 Stock Incentive Plan, the Compensation Committee"
exercise price financial
"The stock option has an exercise price of $4.51 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The stock option will vest over four years, with 16,000 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
emerging growth company regulatory
"Emerging growth company On August 7, 2026"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Table Trac (TBTC) grant to its CEO on August 7, 2026?
Table Trac granted Randy Gilbert, its CEO and CFO, a stock option for 100,000 shares of common stock. The option was issued under the 2021 Stock Incentive Plan with specific exercise, term, and vesting conditions.
What is the exercise price of the new Table Trac (TBTC) stock option grant?
The stock option granted to Randy Gilbert has an exercise price of $4.51 per share. This price equals the closing price on the August 7, 2026 grant date, aligning the option’s strike price with the then-current market value.
How many years does the new Table Trac (TBTC) option remain exercisable?
The option granted to Randy Gilbert will remain exercisable for 10 years from the August 7, 2026 grant date. After this 10-year term, any unexercised portion of the option will expire under the stated terms.
What is the vesting schedule for Randy Gilbert’s Table Trac (TBTC) option?
The option vests over four years, with 16,000 shares vesting on the one-year anniversary of the grant. The remaining shares vest in equal annual installments over the next three years, subject to continued employment.
Under which plan was the Table Trac (TBTC) option to Randy Gilbert granted?
The stock option for 100,000 shares was granted pursuant to Table Trac’s 2021 Stock Incentive Plan. This plan governs the terms of equity awards, including exercise price, vesting schedule, and expiration provisions.