KUSTOM ENTERTAINMENT (KUST) CFO awarded 22,500 options vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KUSTOM ENTERTAINMENT, INC. reported that its CFO, Treasurer & Secretary, Thomas J. Heckman, received an equity incentive in the form of employee stock options. On January 22, 2026, the board awarded him options to acquire 22,500 shares of common stock.
The options have an exercise price of $2.04 per share, matching the closing price of the common stock on the Nasdaq Capital Market on that date. These options will vest 100% on January 22, 2027, provided he remains an officer through that date. The filing also notes a reverse stock split that occurred on January 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heckman Thomas J
Role
CFO, Treasurer & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 22,500 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 22,500 shares (Direct)
Footnotes (1)
- Reflects that reverse stock split, which occurred on January 8, 2026. On January 22, 2026, the Board of Directors awarded the Reporting Person the options to acquire 22,500 shares of common stock, effective as of January 22, 2026, under its 2022 Stock Option and Restricted Stock Plan. The exercise price on such options to acquire common stock granted will be $2.04 per share, the closing price of the Common Stock on the Nasdaq Capital Market on January 22, 2026, and 100% of the options awarded will vest on January 22, 2027, contingent upon the Reporting Person remaining an officer on such date.
FAQ
What did KUSTOM ENTERTAINMENT (KUST) disclose about CFO Thomas Heckman’s equity grant?
KUSTOM ENTERTAINMENT disclosed that CFO Thomas J. Heckman was granted options to acquire 22,500 shares of common stock. The grant was approved by the board on January 22, 2026 under the company’s 2022 Stock Option and Restricted Stock Plan as an equity incentive award.
What is the exercise price of the new stock options granted to KUST’s CFO?
The exercise price of the options granted to KUST’s CFO is $2.04 per share. This price equals the closing price of KUSTOM ENTERTAINMENT’s common stock on the Nasdaq Capital Market on January 22, 2026, the effective date of the option award.
When do Thomas Heckman’s KUSTOM ENTERTAINMENT (KUST) options vest?
All of Thomas Heckman’s granted options vest on January 22, 2027. The vesting is contingent on him remaining an officer of KUSTOM ENTERTAINMENT through that date, making continued service a condition for realizing the full benefit of the equity incentive.
What plan governs the KUSTOM ENTERTAINMENT (KUST) stock options granted to the CFO?
The options were granted under KUSTOM ENTERTAINMENT’s 2022 Stock Option and Restricted Stock Plan. This plan provides the framework for awarding stock options and restricted stock, including terms like exercise price, vesting schedule, and service conditions for executives and other participants.
Did KUSTOM ENTERTAINMENT note any recent reverse stock split in this Form 4?
Yes. The Form 4 notes a reverse stock split that occurred on January 8, 2026. This footnote clarifies that the reported option amounts reflect the reverse split, ensuring the share figures align with the company’s current capital structure after the adjustment.