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TEN Holdings (XHLD) CEO and CFO granted 120,000 stock options at $1.89

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Torres Virgilio Davincy reported acquisition or exercise transactions in this Form 4 filing.

TEN Holdings, Inc. reported that CEO and CFO Virgilio Davincy Torres received a grant of 120,000 employee stock options to buy common stock at $1.89 per share. One third of the options vested on June 30, 2026, with the remaining options vesting in equal monthly installments beginning on July 30, 2026, and the award expiring on June 30, 2036. This is a compensation-related award and not an open-market share purchase.

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Insider Torres Virgilio Davincy
Role CEO and CFO
Type Security Shares Price Value
Grant/Award Employee Stock Option (Right to Buy) 120,000 $0.00 --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 120,000 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Option grant size 120,000 options Employee stock option grant to CEO and CFO
Exercise price $1.89 per share Strike price of employee stock options
Vested on grant date One third of options Vested on June 30, 2026
Remaining vesting schedule Equal monthly installments Beginning July 30, 2026
Expiration date June 30, 2036 Option term for employee stock options
Derivative holdings after grant 120,000 options Total derivative securities following transaction
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vesting financial
"The option vested as to one third of the underlying shares"
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.
exercise price financial
"conversion_or_exercise_price: 1.8900"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
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FAQ

What did TEN Holdings (XHLD) CEO receive in this Form 4 filing?

The CEO and CFO, Virgilio Davincy Torres, received a grant of 120,000 employee stock options. These options allow him to buy TEN Holdings common stock at a fixed price as part of his compensation package.

What is the exercise price of the TEN Holdings (XHLD) CEO stock options?

The granted options have an exercise price of $1.89 per share. This means the CEO can buy TEN Holdings common stock at $1.89 regardless of the market price when he exercises the options.

How do the TEN Holdings (XHLD) CEO options vest over time?

One third of the 120,000 options vested on June 30, 2026. The remaining options vest in equal monthly installments starting on July 30, 2026, providing gradual ownership incentives tied to continued service.

When do the TEN Holdings (XHLD) CEO stock options expire?

The stock options granted to the CEO and CFO expire on June 30, 2036. After that date, any unexercised options become worthless and can no longer be used to purchase TEN Holdings shares.

Is the TEN Holdings (XHLD) Form 4 a market purchase or a compensation grant?

This Form 4 reflects a compensation-related option grant, not a market purchase. The company awarded employee stock options to the CEO, with no open-market buying or selling of existing TEN Holdings shares reported.
SEC Form 4
FORM 4UNITED 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*
Torres Virgilio Davincy

(Last)(First)(Middle)
C/O TEN HOLDINGS, INC.
1170 WHEELER WAY

(Street)
LANGHORNE PENNSYLVANIA 19047

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
TEN Holdings, Inc. [ XHLD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy)$1.8906/30/2026A120,000 (1)06/30/2036Common Stock120,000$0120,000D
Explanation of Responses:
1. The option reported herein was granted in connection with the Reporting Person's appointment as Chief Executive Officer of the Issuer. The option vested as to one third of the underlying shares on June 30, 2026 and vests as to the remaining underlying shares in equal monthly installments beginning on July 30, 2026.
/s/ Virgilio D. Torres07/08/2026
** Signature of Reporting PersonDate
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)