Tucows director awarded 3,750 stock options

Tucows Inc. director Carl Marlene received a new stock option grant.

Accepted by SEC EDGAR 06/09/2026 - 05:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Tucows Inc. director Carl Marlene received a new stock option grant. On June 2, 2026, he was granted options for 3,750 shares of Tucows common stock at an exercise price of $14.66 per share, expiring on June 2, 2031.

The options relate to 3,750 underlying common shares and were reported as a grant or award. The filing also shows direct ownership of 18 shares of Tucows common stock following the reported transactions.

Insider Trade Summary

Grant/Award: 3,750 shares

Grant/Award 1 txn

Insider Carl Marlene

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	3,750	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 3,750 contracts (Direct); Common Stock — 18 shares (Direct)

Holdings Before and After: Stock Option (Right to Buy), 0 to 3,750 contracts (Direct)

Key Figures

Stock options granted: 3,750 shares Option exercise price: $14.66 per share Option expiration date: June 2, 2031 +2 more

5 metrics

Stock options granted 3,750 shares Grant of Stock Option (Right to Buy) on June 2, 2026

Option exercise price $14.66 per share Conversion or exercise price for granted options

Option expiration date June 2, 2031 Expiration date of stock option grant

Underlying shares 3,750 shares Underlying common stock for the option grant

Direct common shares held 18 shares Total common stock held directly after transactions

Key Terms

Stock Option (Right to Buy), Common Stock, Grant, award, or other acquisition, direct ownership

4 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

direct ownership financial

"ownership_type: "direct" and ownership_code: "D""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Tucows (TCX) report for Carl Marlene?

Tucows reported that director Carl Marlene received a grant of stock options for 3,750 shares of common stock. The options were awarded as compensation, giving him the right to buy shares at a fixed exercise price in the future.

How many Tucows (TCX) stock options were granted to Carl Marlene?

Carl Marlene was granted options covering 3,750 shares of Tucows common stock. This grant increases his potential future equity exposure if he chooses to exercise the options once they become exercisable and market conditions are favorable.

What is the exercise price of Carl Marlene’s Tucows (TCX) stock options?

The exercise price of the stock options granted to Carl Marlene is $14.66 per share. This means he can purchase Tucows common stock at $14.66 for each optioned share once the options are exercisable and before they expire.

When do Carl Marlene’s Tucows (TCX) stock options expire?

The stock options granted to Carl Marlene expire on June 2, 2031. He may exercise them after their exercise date and before this expiration date, subject to the company’s equity plan terms and any applicable vesting conditions.

How many Tucows (TCX) shares does Carl Marlene directly own after this filing?

After the reported transactions, Carl Marlene directly owns 18 shares of Tucows common stock. This direct shareholding is separate from his 3,750 stock options, which represent the right to buy additional shares at the fixed exercise price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Carl Marlene

(Last) (First) (Middle)

96 MOWAT AVENUE

(Street)

TORONTO ONTARIO M6K 3M1

(City) (State) (Zip)

CANADA (FEDERAL LEVEL)

(Country)

2. Issuer Name and Ticker or Trading Symbol
TUCOWS INC /PA/ [ TCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								18	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)	$14.66	06/02/2026		A		3,750		06/02/2027	06/02/2031	Common Stock	3,750	$0	3,750	D

Explanation of Responses:

	/s/ Katherine Young, attorney-in-fact for Ms. Carl	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)