OpenWorld corrects accounting chief's stock options

Vesting begins on the 1-year anniversary of October 10, 2023, with full vesting on the 3-year anniversary subject to continuous service.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

OpenWorld, Inc. (OPNW) Chief Accounting Officer Gerard Albert Palana Hernandez reported that GM Consulting Group Inc. received two stock-option tranches in exchange for options to acquire OpenWorld, Ltd. shares in connection with the merger closing on September 30, 2026: 154,539 options at a $2.18 exercise price, expiring December 7, 2035, and 145,035 options at a $6.51 exercise price, expiring August 27, 2036. A footnote states Hernandez has beneficial ownership over shares held by GM Consulting Group Inc. The amendment corrects stock-option information in his Form 4 filed October 2, 2026.

Insider Trade Summary

Grant/Award: 299,574 shares

Grant/Award 2 txns

Insider Hernandez Gerard Albert Palana

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy) F2, F1, F3	154,539	--	--
Grant/Award	Stock Option (Right to Buy) F2, F1, F3	145,035	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 299,574 contracts (Indirect, By GM Consulting Group Inc.)

Footnotes (3)

1. F1. The vesting commencement date of these options is 10/10/2023 (the "Vesting Commencement Date"). Beginning on the 1-year anniversary of the Vesting Commencement Date, 1/24 of the options will vest. The remaining options shall vest in on a linear monthly basis, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date, subject to reporting person's continuous service as of each such dates.
2. F2. Received in exchange for stock options to acquire shares of OpenWorld, Ltd. in connection with the closing of the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026.
3. F3. Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.

Key Figures

Options to acquire Common Stock: 154,539 shares Exercise price: $2.18 per share Expiration date: December 7, 2035 +3 more

6 metrics

Options to acquire Common Stock 154,539 shares Option tranche reported September 30, 2026; held indirectly through GM Consulting Group Inc.

Exercise price $2.18 per share Option tranche reported September 30, 2026.

Expiration date December 7, 2035 Option tranche reported September 30, 2026.

Options to acquire Common Stock 145,035 shares Option tranche reported September 30, 2026; held indirectly through GM Consulting Group Inc.

Exercise price $6.51 per share Option tranche reported September 30, 2026.

Expiration date August 27, 2036 Option tranche reported September 30, 2026.

Key Terms

Vesting Commencement Date, linear monthly basis, beneficial ownership

3 terms

Vesting Commencement Date financial

"the Vesting Commencement Date"

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

linear monthly basis financial

"shall vest in on a linear monthly basis"

beneficial ownership financial

"has beneficial ownership over the shares held by GM Consulting Group Inc."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

How do the OPNW options held by GM Consulting Group Inc. vest?

The options begin vesting on the 1-year anniversary of October 10, 2023: 1/24 vests then, and the remaining options vest on a linear monthly basis until fully vested on the 3-year anniversary, subject to the reporting person's continuous service as of each date.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/09/2026 - 09:18 AM Accepted by SEC EDGAR 10/09/2026 - 09:16 AM 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^*

Hernandez Gerard Albert Palana

(Last) (First) (Middle)

C/O OPENWORLD, INC.

801 INTERNATIONAL PARKWAY, FIFTH FLOOR

(Street)

LAKE MARY FLORIDA 32746

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OpenWorld, Inc. [ OPNW ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/02/2026

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

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)	$2.18	09/30/2026		A		154,539		(1)	12/07/2035	Common Stock	154,539	(2)	154,539	I	By GM Consulting Group Inc.(3)
Stock Option (Right to Buy)	$6.51	09/30/2026		A		145,035		(1)	08/27/2036	Common Stock	145,035	(2)	145,035	I	By GM Consulting Group Inc.(3)

Explanation of Responses:

1. The vesting commencement date of these options is 10/10/2023 (the "Vesting Commencement Date"). Beginning on the 1-year anniversary of the Vesting Commencement Date, 1/24 of the options will vest. The remaining options shall vest in on a linear monthly basis, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date, subject to reporting person's continuous service as of each such dates.

2. Received in exchange for stock options to acquire shares of OpenWorld, Ltd. in connection with the closing of the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026.

3. Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.

Remarks:

This Form 4 amendment is being filed to correct the stock option information initially reported in the reporting person's Form 4 filed on October 2, 2026.

	/s/ Jennifer L. Cola, Attorney-in-Fact for Gerard Albert Palana Hernandez	10/09/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)