Z Squared CTO receives option for 100,000 shares
Full vesting depends on the common stock reaching a fair market value of $20.34 per share, as determined by the board or compensation committee.
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Form Type
4
Rhea-AI Filing Summary
Z Squared Inc. Chief Technology Officer Jeffery Keeslar Harris received a nonqualified stock option covering 100,000 common shares, ratified October 2, 2026 and made effective June 24, 2026. The option’s exercise price is $13.56 per share; it vests and becomes exercisable in full when the stock’s fair market value equals or exceeds $20.34 per share, as determined by the board or compensation committee. Harris held 12,444 common shares directly after the reported transaction.
Insider Trade Summary
Grant/Award: 100,000 shares
Grant/Award
2 txns
Insider
Harris Jeffery Keeslar
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1, F2 | 100,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 100,000 contracts (Direct);
Common Stock — 12,444 shares (Direct)
Footnotes (2)
- F1. As of October 2, 2026, pursuant to Section 3(c) of the reporting person's Executive Employment Agreement with the issuer, dated as of June 24, 2026 and as amended by Amendment No. 1 thereto, dated as of August 24, 2026 (the "Employment Agreement"), the Compensation Committee ratified the issuer's grant to the reporting person of a nonqualified stock option to purchase 100,000 shares of common stock under the Z Squared, Inc. 2025 Incentive Compensation Plan (the "Plan") at an exercise price of $13.56 per share, the Nasdaq official closing price per share on June 24, 2026, the effective date of the Employment Agreement (the "Effective Date"). The grant was made effective as of the Effective Date, with the exercise price, vesting reference value and expiration date of the option each fixed by reference to the Effective Date, as contemplated by the Employment Agreement.
- F2. The option vests and becomes exercisable in full on the date on which the fair market value of the common stock equals or exceeds $20.34 per share, 150% of the fair market value of the common stock on the Effective Date, as determined by the issuer's Board of Directors or the Compensation Committee thereof, and remains exercisable until June 24, 2036, subject to earlier termination in accordance with the terms of the Plan and the reporting person's Stock Option Award Agreement.
Key Figures
Option size: 100,000 underlying common shares
Exercise price: $13.56 per share
Full-vesting threshold: $20.34 per share
+3 more
6 metrics
Option size
100,000 underlying common shares
Nonqualified stock option ratified October 2, 2026
Exercise price
$13.56 per share
Option exercise price
Full-vesting threshold
$20.34 per share
Fair market value threshold determined by the board or compensation committee
Vesting reference
150%
Of fair market value on June 24, 2026
Direct common stock holdings
12,444 shares
Held after the October 2, 2026 reported transaction
Option expiration
June 24, 2036
Subject to earlier termination under the plan and award agreement
Key Terms
nonqualified stock option, exercise price, vests and becomes exercisable in full, fair market value
4 terms
nonqualified stock option financial
"nonqualified stock option to purchase 100,000 shares of common stock"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
exercise price financial
"at an exercise price of $13.56 per share"
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.
vests and becomes exercisable in full financial
"The option vests and becomes exercisable in full"
fair market value financial
"fair market value of the common stock equals or exceeds $20.34 per share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do ZSQR's options granted to Jeffery Keeslar Harris expire?
The options remain exercisable until June 24, 2036, subject to earlier termination under the 2025 Incentive Compensation Plan and the Stock Option Award Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
