05/16/2025 | Press release | Distributed by Public on 05/16/2025 08:11
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | $0.1672 | 07/28/2020 | 07/28/2025 | Common Stock | 25,000(1) | 25,000 | D | ||||||||
Option | $0.1001 | 10/28/2020 | 10/28/2025 | Common Stock | 25,000(1) | 50,000 | D | ||||||||
Option | $0.4895 | 01/28/2021 | 01/28/2026 | Common Stock | 25,000(1) | 75,000 | D | ||||||||
Option | $0.597 | 04/28/2021 | 04/15/2026 | Common Stock | 25,000(2) | 100,000 | D | ||||||||
Option | $0.813 | 07/28/2021 | 04/15/2026 | Common Stock | 25,000(2) | 125,000 | D | ||||||||
Option | $1.595 | 10/28/2021 | 04/15/2026 | Common Stock | 25,000(2) | 150,000 | D | ||||||||
Option | $1.342 | 01/28/2022 | 04/15/2026 | Common Stock | 25,000(2) | 175,000 | D | ||||||||
Option | $1.10 | 04/28/2022 | 04/15/2026 | Common Stock | 25,000(2) | 200,000 | D | ||||||||
Option | $1.74 | 07/28/2022 | 04/15/2026 | Common Stock | 25,000(2) | 225,000 | D | ||||||||
Option | $1.386 | 10/28/2022 | 04/15/2026 | Common Stock | 25,000(2) | 250,000 | D | ||||||||
Option | $0.88 | 01/30/2023 | 04/15/2026 | Common Stock | 25,000(2) | 275,000 | D | ||||||||
Option | $0.781 | 04/28/2023 | 04/15/2026 | Common Stock | 25,000(2) | 300,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PEARL JEFFREY 35 WEST MAIN #6013 FRISCO, CO 80443 |
Former Director |
/s/ Jeffrey Pearl | 05/15/2025 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Mr. Pearl has the following incentive stock options (the "ISOs") that will expire in accordance with his Incentive Stock Option Agreement dated March 24, 2021: 25,000 ISOs that will expire at midnight July 27, 2025, at a strike price of $0.1672; 25,000 ISOs that will expire at midnight October 27, 2025, at a strike price of $0.1001; and 25,000 ISOs that will expire at midnight January 27, 2026, at a strike price of $0.4895. All of these options are within the one year period from his resignation date of April 16, 2025. |
(2) | These options expire at midnight on April 15, 2026, one year from Mr. Pearl's resignation. |