USBC, Inc. (USBC) director awarded 120,000 stock options at $0.36 exercise price
Rhea-AI Filing Summary
USBC, Inc. director Takesako Ichiro received a compensatory grant of options on 120,000 shares of common stock on August 12, 2026 under the Amended and Restated 2021 Equity Incentive Plan. The options have a $0.36 exercise price, vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029, and expire on August 12, 2036. Following this grant, he directly holds options on 120,000 shares, a warrant covering 500 shares at $68.00 per share, and 28,875 shares of common stock, all figures reflecting 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
Takesako Ichiro
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 — 28,875 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: August 12, 2036
+3 more
6 metrics
Option Shares Granted
120,000 shares
Options to purchase common stock granted August 12, 2026
Option Exercise Price
$0.36 per share
Exercise price for 120,000-share option grant
Option Expiration
August 12, 2036
Expiration date of newly granted options
Common Shares Held
28,875 shares
Direct common stock holdings after reported transactions
Warrant Exercise Price
$68.00 per share
Exercise price of warrant covering 500 shares, post 1-for-40 split
Reverse Stock Split Ratio
1-for-40
Reverse split effective February 19, 2025 affecting warrant terms
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 ... 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 equity award did USBC (USBC) director Takesako Ichiro receive on August 12, 2026?
Takesako Ichiro was granted options on 120,000 shares of USBC common stock at an exercise price of $0.36 per share, vesting quarterly from September 30, 2026 through June 30, 2029.
What is the vesting schedule for Takesako Ichiro’s new USBC (USBC) stock options?
The options vest on 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares thereafter, completing vesting on June 30, 2029, subject to the grant terms.
What are Takesako Ichiro’s USBC (USBC) option and warrant terms after this Form 4?
After this filing, he holds options on 120,000 shares at $0.36 per share expiring August 12, 2036 and a warrant on 500 shares at $68.00 per share expiring January 5, 2027.
How did USBC’s 1-for-40 reverse stock split affect the warrant reported for USBC (USBC)?
A footnote states the warrant terms reflect a 1-for-40 reverse stock split effective February 19, 2025, meaning the warrant now covers 500 shares of common stock at an exercise price of $68.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
