Restricted stock grant lifts WidePoint (NYSE: WYY) CEO equity stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WidePoint Corp executive Ian Sparling reported an equity compensation award and existing option holdings. He received a grant of 2,904 shares of Common Stock at no cost as a restricted stock award, increasing his direct holdings to 171,426 shares of Common Stock.
The restricted stock vests 100% on April 20, 2027, subject to continued service. Sparling also holds a stock option covering 9,714 shares of Common Stock with an exercise price of $1.82 per share, expiring on August 4, 2028, which will vest in full on the third anniversary of its grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sparling Ian
Role
CEO, Soft-Ex
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,904 | $0.00 | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 171,426 shares (Direct, null);
Stock Option (right to buy) — 9,714 shares (Direct, null)
Footnotes (1)
- Restricted stock vests 100% on April 20, 2027, subject to continued service. The stock options were granted pursuant to the issuer's Amended and Restated 2008 Stock Incentive Plan and will vest in full at the third anniversary of the date of grant.
Key Figures
Restricted stock grant: 2,904 shares
Common Stock holdings: 171,426 shares
Option exercise price: $1.82 per share
+1 more
4 metrics
Restricted stock grant
2,904 shares
Common Stock awarded at $0.00 per share
Common Stock holdings
171,426 shares
Direct ownership after grant
Option exercise price
$1.82 per share
Stock option on Common Stock
Option underlying shares
9,714 shares
Underlying Common Stock for option expiring August 4, 2028
Key Terms
Restricted stock, Stock Option (right to buy), Amended and Restated 2008 Stock Incentive Plan
3 terms
Restricted stock financial
"Restricted stock vests 100% on April 20, 2027, subject to continued service."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Amended and Restated 2008 Stock Incentive Plan financial
"The stock options were granted pursuant to the issuer's Amended and Restated 2008 Stock Incentive Plan"
FAQ
What insider transaction did WYY executive Ian Sparling report on this Form 4?
Ian Sparling reported receiving a grant of 2,904 shares of Common Stock as an equity award. The shares were granted at no cash cost and classified as restricted stock, providing compensation linked to his continued service with WidePoint Corp.
Is Ian Sparling’s WYY Form 4 transaction an open-market purchase or a grant?
The Form 4 reflects a grant of 2,904 restricted shares to Ian Sparling, not an open-market purchase. The transaction code indicates a grant or award, and the reported price per share is zero, consistent with stock-based compensation.