10/28/2025 | Press release | Distributed by Public on 10/28/2025 14:24
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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. | |||
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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 | ||||
| Stock Option (right to buy) | (1) | (1) | Common Stock, par value $0.0001 per share | 365,150 | (2) | D | |
| Restricted Stock Units | 12/31/2025 | (2) | Common Stock, par value $0.0001 per share | 300,000 | (2) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Silver Daniel M. 421 W. 3RD STREET, SUITE 1000 FORT WORTH, TX 76102 |
X | Vice President Finance | ||
| /s/ Daniel Silver | 10/28/2025 | |
| **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) | The option awards reported in this row were granted to Mr. Silver in installments on July 21, 2023, August 15, 2022, May 4, 2022, November 4, 2021 and August 24, 2020. The options granted on July 21, 2023, August 15, 2022 and May 4, 2022 are fully vested. The options granted on August 24, 2020 and November 4, 2021 vested as follows, subject to Mr. Silver's continuous employment through each such vesting date: one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third on the second anniversary of the date of grant. The option granted July 21, 2023 is exercisable only during the 90-day period following the earlier to occur of the Mr. Silver's separation from service due to death or disability, the occurrence of a change of control or August 1, 2026. The remaining options expire ten years after the date of grant, on August 14, 2032, May 3, 2032, November 3, 2031 and August 22, 2030, respectively. |
| (2) | Not applicable. |