10/07/2026 | Press release | Distributed by Public on 10/07/2026 16:15
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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) | 09/15/2035 | Common Stock | 20,000 | $0.6067 | D | |
| Stock Option (right to buy) | (2) | 02/23/2036 | Common Stock | 92,571 | $1.84 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Raele Leticia Adriana 800 CORPORATE DRIVE SUITE 216 FORT LAUDERDALE, FL 33334 |
INTERIM CFO | |||
| /s/ Leticia Adriana Raele | 10/07/2026 | |
| **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 reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 20,000 shares of the Issuer's common stock. The stock option was granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan. Of the 20,000 shares underlying the stock option, 4,000 shares were vested in full on the date of grant and the remaining 16,000 shares vest in equal quarterly installments over a period of three (3) years commencing on May 11, 2026. |
| (2) | The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 92,571 shares of the Issuer's common stock. The stock option was granted pursuant to the Algorhythm Holdings, Inc. 2022 Equity Incentive Plan. The shares underlying the stock option vest in equal quarterly installments over a period of four (4) years commencing on February 23, 2026. |