USBC, Inc. (USBC) director awarded 120,000-share stock option grant at $0.36
Rhea-AI Filing Summary
USBC, Inc. director William Arthur Owens received a grant of options to purchase 120,000 shares of common stock on August 12, 2026 at an exercise price of $0.36 per share, expiring August 12, 2036. The options vest as to 10,000 shares on September 30, 2026 and in eleven additional quarterly installments of 10,000 shares through June 30, 2029. Following this grant, he holds options on 120,000 shares, a warrant covering 500 shares at $68.00 per share (reflecting a prior 1-for-40 reverse stock split), and 48,692 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
OWENS WILLIAM ARTHUR
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 — 48,692 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 shares granted: 120,000 shares
Option exercise price: $0.36 per share
Option expiration date: August 12, 2036
+5 more
8 metrics
Option shares granted
120,000 shares
Option to purchase common stock granted on August 12, 2026
Option exercise price
$0.36 per share
Exercise price for the 120,000-share option grant
Option expiration date
August 12, 2036
Expiration of the 120,000-share option grant
Initial vesting tranche
10,000 shares
Vesting on September 30, 2026
Common stock held
48,692 shares
Direct common stock ownership after reported transactions
Warrant exercise price
$68.00 per share
Exercise price of warrant for 500 underlying shares
Warrant underlying shares
500 shares
Underlying common shares for the warrant position
Reverse stock split ratio
1-for-40
Reverse stock split effective February 19, 2025 affecting warrant terms
Key Terms
Amended and Restated 2021 Equity Incentive Plan, reverse stock split, vest, warrant
4 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"
reverse stock split financial
"Reflects the Issuer's 1-for-40 reverse stock split, which became effective on February 19, 2025"
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.
vest financial
"The option vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
warrant financial
"Warrant to Purchase Common Stock ... underlying security shares 500.0000"
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 William Arthur Owens receive on August 12, 2026?
William Arthur Owens was granted options to purchase 120,000 shares of USBC common stock at an exercise price of $0.36 per share, expiring on August 12, 2036, as part of USBC’s equity incentive plan.
How do the new USBC (USBC) options granted to Owens vest?
The option grant vests as to 10,000 shares on September 30, 2026 and then in eleven quarterly installments of 10,000 shares each, continuing through June 30, 2029, subject to the terms of the equity plan.
What are William Arthur Owens’s option and warrant holdings in USBC (USBC) after this filing?
After the reported grant, Owens holds options on 120,000 shares of USBC common stock and a warrant relating to 500 underlying shares at an exercise price of $68.00 per share, reported as directly owned.
What is the significance of the reverse stock split mentioned in the USBC (USBC) Form 4?
A footnote states that the warrant terms reflect USBC’s 1-for-40 reverse stock split, which became effective on February 19, 2025. The warrant’s $68.00 exercise price and 500 underlying shares are presented after giving effect to that split.
AI-generated analysis. How Rhea-AI works. Not financial advice.
