USBC, Inc. (USBC) director receives 120,000-share stock option award
Rhea-AI Filing Summary
USBC, Inc. reported that director Larry K. Ellingson received a compensatory grant of an option to purchase 120,000 shares of common stock at an exercise price of $0.36 per share. The option expires on August 12, 2036 and vests 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this grant, Ellingson directly holds 25,404 shares of USBC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ellingson Larry K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock F1 | 120,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 120,000 shares (Direct);
Common Stock — 25,404 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Option grant size: 120,000 shares
Exercise price: $0.36 per share
Option expiration: August 12, 2036
+3 more
6 metrics
Option grant size
120,000 shares
Option to purchase common stock granted to director on August 12, 2026
Exercise price
$0.36 per share
Conversion or exercise price of the granted stock option
Option expiration
August 12, 2036
Expiration date of the 120,000-share stock option
Underlying shares
120,000 shares
USBC common stock underlying the granted option
Common shares held
25,404 shares
Direct USBC common stock holdings after reported transactions
Initial vesting tranche
10,000 shares
First vesting on September 30, 2026
Key Terms
Amended and Restated 2021 Equity Incentive Plan, Grant Date, vests
3 terms
Amended and Restated 2021 Equity Incentive Plan financial
"granted an option to purchase 120,000 shares ... pursuant to the Issuer's Amended and Restated 2021 Equity Incentive Plan"
Grant Date financial
"On August 12, 2026 (the "Grant Date"), the Reporting Person was granted an option"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vests financial
"The option vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments"
FAQ
What did USBC (USBC) disclose about Larry K. Ellingson’s new stock options?
USBC disclosed that director Larry K. Ellingson received an option for 120,000 shares of common stock at an exercise price of $0.36 per share. The grant is a compensation award under the Amended and Restated 2021 Equity Incentive Plan.
What is the vesting schedule of Larry K. Ellingson’s 120,000 USBC stock options?
The option vests as to 10,000 shares on September 30, 2026, then in eleven quarterly installments of 10,000 shares each through June 30, 2029. This ties full vesting to continued service over the multi‑year period.
What is the exercise price and expiration date of Ellingson’s USBC option grant?
The option has an exercise price of $0.36 per share and expires on August 12, 2036. Ellingson may purchase USBC common shares at this price upon vesting and before the expiration date, subject to plan terms.
Under what plan was the USBC option granted to Larry K. Ellingson?
The 120,000-share option was granted under USBC’s Amended and Restated 2021 Equity Incentive Plan. This plan provides equity-based awards to directors and others, aligning their potential compensation with the future performance of USBC’s common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
