04/04/2025 | Press release | Distributed by Public on 04/04/2025 04:26
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 (Right to Buy) | $10 | 03/28/2025 | A | 17,500 | (1) | 03/28/2035 | Common Stock | 17,500 | $ 0 | 17,500 | D | ||||
Option (Right to Buy) | $10 | 03/28/2025 | A | 10,000 | (2) | 03/28/2035 | Common Stock | 10,000 | $ 0 | 10,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Acosta Rene Alexander C/O NEWSMAX INC. 750 PARK OF COMMERCE DR., SUITE 100 BOCA RATON, FL 33487 |
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/s/ Darryle Burnham as Attorney-In-Fact for Rene Alexander Acosta | 04/03/2025 | |
**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) | The option was granted pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan and a Stock Option Grant Notice and Option Agreement. The option shall become exercisable on the 12-month anniversary of the grant date, provided that the Reporting Person continues to provide services to the Issuer through such date. |
(2) | The option was granted pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan and a Stock Option Grant Notice and Option Agreement. The option shall become exercisable in three equal installments, on each of the 30-day, 60-day and 90-day anniversaries of the grant date, but shall remain subject to forfeiture until the 18-month anniversary of the grant date. Such forfeiture condition shall lapse on the 18-month anniversary of the grant date, provided that the Reporting Person continues to provide services to the Issuer through such date. Notwithstanding the foregoing, in the event that the Reporting Person's service is terminated by reason of a termination by the Issuer without cause, or by reason of the Reporting Person's death or disability, such forfeiture condition shall lapse on the date of such termination. |
Remarks: Exhibit 24.1 Power of Attorney |