USBC, Inc. (USBC) awards director Jon Pepper 120,000 stock options at $0.36
Rhea-AI Filing Summary
USBC, Inc. reported that director Jon Pepper received a grant of stock options for 120,000 shares of common stock at an exercise price of $0.36 per share, expiring on August 12, 2036. The options vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this award, Pepper holds 37,850 shares of common stock directly and a warrant covering 500 shares at an exercise price of $68.00, which reflects a 1-for-40 reverse stock split effective February 19, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
PEPPER JON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock F1 | 120,000 | $0.00 | $0.00 |
| holding | Warrant to Purchase Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 120,000 shares (Direct);
Warrant to Purchase Common Stock — 500 shares (Direct);
Common Stock — 37,850 shares (Direct)
Footnotes (2)
- F1. On August 12, 2026 (the "Grant Date"), the Reporting Person was granted an option to purchase 120,000 shares of the Issuer's common stock pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan. The option vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares thereafter through June 30, 2029.
- F2. Reflects the Issuer's 1-for-40 reverse stock split, which became effective on February 19, 2025.
Key Figures
Option grant size: 120,000 shares
Option exercise price: $0.36 per share
Option expiration: August 12, 2036
+3 more
6 metrics
Option grant size
120,000 shares
Options to purchase common stock granted to director on August 12, 2026
Option exercise price
$0.36 per share
Exercise price of 120,000-share option grant
Option expiration
August 12, 2036
Expiration date of newly granted stock options
Common stock holdings
37,850 shares
Direct common stock held by Jon Pepper after reported transactions
Warrant underlying shares
500 shares
Underlying common shares for warrant held directly
Warrant exercise price
$68.00 per share
Exercise price of warrant reflecting 1-for-40 reverse stock split
Key Terms
Amended and Restated 2021 Equity Incentive Plan, reverse stock split, vesting, warrant
4 terms
Amended and Restated 2021 Equity Incentive Plan financial
"pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan."
reverse stock split financial
"Reflects the Issuer's 1-for-40 reverse stock split, which became effective"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
vesting financial
"The option vest as to 10,000 shares on September 30, 2026 and in eleven"
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.
warrant financial
"Warrant to Purchase Common Stock"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
FAQ
What did USBC (USBC) director Jon Pepper receive in this Form 4 filing?
Director Jon Pepper received a grant of options to purchase 120,000 shares of USBC common stock at an exercise price of $0.36 per share, with the options expiring on August 12, 2036 under the company’s equity plan.
How do Jon Pepper’s new USBC (USBC) options vest?
The options vest as to 10,000 shares on September 30, 2026, then in eleven quarterly installments of 10,000 shares each through June 30, 2029, creating a multi-year, time-based vesting schedule tied to continued service.
What plan governs the new USBC (USBC) stock option grant to Jon Pepper?
The 120,000-share option grant was made under USBC’s Amended and Restated 2021 Equity Incentive Plan, which provides for equity-based awards such as stock options to directors, officers, employees or other eligible participants.
How did USBC’s reverse stock split affect Jon Pepper’s warrant terms?
A footnote states the 1-for-40 reverse stock split effective February 19, 2025 is reflected in the warrant, which now covers 500 underlying shares at an exercise price of $68.00 per share after the split adjustment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
