09/30/2025 | Press release | Distributed by Public on 09/30/2025 19:26
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 | ||||||||
Employee Stock Options (Right to Buy) | $5.98 | (2) | 08/10/2032 | Common Stock | 15,000 | 15,000 | D | ||||||||
Employee Stock Options (Right to Buy) | $6 | (3) | 07/06/2033 | Common Stock | 25,000 | 25,000 | D | ||||||||
Restricted Stock Units | $ 0 | (4) | (4) | Common Stock | 66,700 | 66,700 | D | ||||||||
Restricted Stock Units | $ 0 | 09/30/2025 | M | 33,350 | 09/30/2025 | (4) | Common Stock | 33,350 | $ 0 | 33,350 | D | ||||
Restricted Stock Units | $ 0 | (5) | (5) | Common Stock | 4,818 | 4,818 | D | ||||||||
Restricted Stock Units | $ 0 | (6) | (6) | Common Stock | 396,476 | 396,476 | D | ||||||||
Restricted Stock Units | $ 0 | (7) | (7) | Common Stock | 270,750 | 270,750 | D | ||||||||
Restricted Stock Units | $ 0 | (6) | (6) | Common Stock | 361,000 | 361,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Monnig Taylor 10624 S. EASTERN AVE. SUITE A-638 HENDERSON, NV 89052 |
CTO, COO |
/s/ Taylor Monnig | 09/30/2025 | |
**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) | These shares were withheld to cover the Reporting Person's tax liability on an RSU vesting. No sale occurred. |
(2) | These Options were granted on August 10, 2022 and vest in equal annual installments over three years. |
(3) | These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. |
(4) | These RSUs vested 50% on September 30, 2025, and the remaining 50% will vest on September 30, 2026. |
(5) | These RSUs vest in equal quarterly installments on December 3, 2025, February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027. |
(6) | These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. |
(7) | These RSUs vested 25% on September 9, 2025; the remaining 75% vests in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028. |