Director at BNB Plus (BNBX) awarded 77,038 incentive stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BNB PLUS CORP. director Robert B. Catell received an incentive stock option grant covering 77,038 shares of common stock. The option has an exercise price of $0.69 per share and expires on March 27, 2036. Following this grant, he holds options for 77,038 shares directly. According to the terms, the options vest 25% on the grant date, then 25% per quarter beginning 90 days after the grant, creating a staged vesting schedule tied to ongoing service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CATELL ROBERT B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Stock Option (right to buy) | 77,038 | $0.00 | -- |
Holdings After Transaction:
Incentive Stock Option (right to buy) — 77,038 shares (Direct)
Footnotes (1)
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Key Figures
Option grant size: 77,038 options
Exercise price: $0.69 per share
Expiration date: March 27, 2036
+2 more
5 metrics
Option grant size
77,038 options
Incentive Stock Option covering common stock
Exercise price
$0.69 per share
Strike price for incentive stock option
Expiration date
March 27, 2036
Option term end date
Underlying shares
77,038 shares
Common stock subject to the option
Post-grant holdings
77,038 options
Total options held following transaction
Key Terms
Incentive Stock Option, exercise price, expiration date, vesting, +1 more
5 terms
Incentive Stock Option financial
"Incentive Stock Option (right to buy)"
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
exercise price financial
"conversion_or_exercise_price: "0.6900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-03-27T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"The options vest 25% on the grant date, then 25% per quarter"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did BNBX director Robert B. Catell report?
Robert B. Catell reported receiving an incentive stock option grant for 77,038 shares of BNB PLUS CORP. common stock. The award is a compensation-related acquisition, not an open-market purchase or sale, and gives him the right to buy shares at a fixed exercise price.
What are the key terms of Robert B. Catell’s BNBX stock option grant?
The incentive stock option covers 77,038 shares at an exercise price of $0.69 per share and expires on March 27, 2036. It gives Catell the right, but not the obligation, to buy BNB PLUS CORP. common stock at that fixed price.
How do the BNBX stock options granted to Robert B. Catell vest?
The options vest 25% on the grant date, with the remaining 75% vesting in 25% increments each quarter starting 90 days from the grant date. This quarterly vesting schedule links the bulk of the award to his continued service over time.
How many BNBX options does Robert B. Catell hold after this Form 4?
After this transaction, Robert B. Catell holds options for 77,038 shares of BNB PLUS CORP. common stock directly. All of these options stem from this single incentive stock option grant reported in the Form 4 insider filing.