TRON Form 4: Director Melton Cashless Exercise Converts 50,000 Options

Christopher Melton, a director of Tron Inc. (TRON), executed a cashless exercise of stock options under the company’s 2024 Equity Incentive Plan on 08/14/2025.

Rhea-AI Filing Summary

Christopher Melton, a director of Tron Inc. (TRON), executed a cashless exercise of stock options under the company’s 2024 Equity Incentive Plan on 08/14/2025. He exercised 50,000 options with an exercise price of $0.56 and, because the exercise was cashless, received 46,818 shares of common stock. The Form 4 reports 46,818 shares beneficially owned following the transaction, held in a direct ownership form. The filing indicates this was reported on a Form 4 by one reporting person and lists Melton’s address at Tron Inc.’s Winter Park, FL mailing address. The filing includes an explanatory note that the options were issued under the 2024 plan and the cashless exercise produced the stated share issuance.

Insights

Securities Analyst

TL;DR: Routine director option exercise; modest share issuance from cashless exercise, not a clear material shift for investors.

The report documents a cashless exercise of 50,000 options into 46,818 shares at a $0.56 exercise price under the 2024 Equity Incentive Plan. From a securities perspective, this is a standard equity compensation event rather than an unusual transaction. The post-transaction beneficial ownership is limited to the 46,818 shares reported as direct holdings. No derivative holdings beyond the exercised options remain reported here. The transaction does not disclose any sales or transfers of shares beyond issuance from the cashless exercise.

Corporate Governance Expert

TL;DR: Typical equity compensation execution by a director; aligns with standard incentive-plan mechanics.

Details show the options were issued under the company’s 2024 Equity Incentive Plan and were exercised cashlessly, which is a common mechanism to avoid out-of-pocket exercise payments. The Form 4 identifies the reporting person as a director filing individually and specifies direct ownership of the resulting shares. The disclosure is complete regarding the conversion math (50,000 options -> 46,818 shares) and the exercise price, allowing stakeholders to verify dilution impact from this single event.

Insider Trade Summary

50,000 shares exercised/converted

Exercise 2 txns

Insider Melton Christopher

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock option (right to buy)	50,000	$0.00	$0.00
Exercise	Common Stock	46,818	$0.56	$26K

Holdings After Transaction: Stock option (right to buy) — 50,000 contracts (Direct); Common Stock — 46,818 shares (Direct)

Footnotes (1)

1. F1. The stock options ("Options") were issued pursuant to the Company's 2024 Equity Incentive Plan. The 50,000 Options were exercised cashlessly resulting in the issuance of 46,818 shares of common stock.

FAQ

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

What did Christopher Melton report on the TRON Form 4?

The Form 4 reports a cashless exercise of 50,000 options into 46,818 shares of Tron Inc. common stock at an exercise price of $0.56 on 08/14/2025.

How many shares does Christopher Melton beneficially own after the transaction?

Following the reported transaction, Christopher Melton beneficially owns 46,818 shares in a direct ownership form.

Under which plan were the options exercised?

The options were issued and exercised pursuant to Tron Inc.’s 2024 Equity Incentive Plan.

What was the exercise price for the options reported on the Form 4 (TRON)?

The exercise (conversion) price reported for the stock option was $0.56 per share.

Was this Form 4 filed by more than one reporting person?

No. The Form indicates it was filed by one reporting person.

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

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Accepted by SEC EDGAR 08/18/2025 - 05:00 PM Learn about SEC filing dates

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^*

Melton Christopher

(Last) (First) (Middle)

C/O TRON INC.

941 W. MORSE BLVD. SUITE 100

(Street)

WINTER PARK FL 32789

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Tron Inc. [ TRON ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		M		46,818	A	$0.56	46,818	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	08/14/2025		M		50,000(1)		05/23/2025	05/23/2030	Common Stock	46,818	$0	50,000	D

Explanation of Responses:

1. The stock options ("Options") were issued pursuant to the Company's 2024 Equity Incentive Plan. The 50,000 Options were exercised cashlessly resulting in the issuance of 46,818 shares of common stock.

	/s/ Christopher Melton	08/18/2025
	** 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.
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