10/28/2026 | Press release | Distributed by Public on 10/28/2026 19:52
|
FORM 4
|
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 |
|
|
||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||
| 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) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to buy) | $5.55(3) | 10/26/2026 | A | 100,000 | 10/26/2026(3) | 10/26/2026 | Common Stock | 100,000 | $ 0 | 100,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
BORKOWSKI EDWARD C/O GRIDAI TECHNOLOGIES CORP. 433 PLAZA REAL, SUITE 275 BOCA RATON, FL 33432 |
X | |||
| /s/ Edward Borkowski | 10/28/2026 | |
| **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) | On October 26, 2026, the Reporting Person was granted 100,000 additional restricted stock units under the Issuer's 2020 Omnibus Equity Incentive Plan, as amended, in recognition of service on the Board of Directors, which vested in full on the date of the grant. Each restricted stock unit represents the right to receive one share of common stock. |
| (2) | Represents shares of common stock issued under the Issuer's 2020 Omnibus Equity Incentive Plan, as amended, pursuant to a Settlement Agreement and Release effective October 26, 2026, in full satisfaction of $94,790.77 of accrued and unpaid director fees for the period from April 2024 to January 2025. The number of shares equals $94,790.77 divided by $5.55, the consolidated closing bid price of the common stock on The Nasdaq Stock Market on October 26, 2026, rounded down to the nearest whole share. |
| (3) | Stock option granted on October 26, 2026 under the Issuer's 2020 Omnibus Equity Incentive Plan, as amended, with an exercise price equal to the Nasdaq closing price of the common stock on the date of grant. The option was granted immediately and is exercisable in full on the date of the grant. |