02/10/2025 | Press release | Distributed by Public on 02/10/2025 15:06
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Options to Purchase Common Stock(1) | 02/07/2026 | 02/07/2030 | Common Stock, par value $0.001 per share | 25,000 | $3.05 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Everts Peter A 3321 COLLEGE AVENUE SUITE 246 DAVIE, FL 33314 |
CSTO |
/s/ Peter A. Everts | 02/10/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | Represents an option to purchase common stock granted to the Reporting Person on February 7, 2024 under the issuer's Equity Incentive Plan (the "Plan"). The option vests 50% on the one-year anniversary of the effective date of the Reporting Persons's employment agreement and 50% on the second anniversary, contingent upon the Reporting Person's continued employment by the issuer and to the extent vested, expires five years from the date of grant and is otherwise subject to the terms and conditions of the Plan. |