Iveda Solutions (IVDA) reprices 100K director options at $0.29
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iveda Solutions director Robert Gillen reported offsetting option transactions tied to an option repricing. He was granted 100,000 stock options on an "acquire" transaction and disposed of 100,000 options back to the issuer on a separate "disposition to issuer" transaction, leaving 128,599 options reported as held afterward.
According to a board-approved repricing on February 23, 2026, his options were reset to an exercise price of $0.29 per share while all other terms remained unchanged. The company states these transactions were exempt under Rule 16b-6(d) and Rule 16b-3 of the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gillen Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 100,000 | $0.00 | -- |
| Disposition | Options (Right to Buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 128,599 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Iveda Solutions (IVDA) disclose for Robert Gillen?
Iveda Solutions disclosed that director Robert Gillen reported two derivative transactions in stock options: a grant of 100,000 options classified as an acquisition and a disposition of 100,000 options back to the issuer, both reflected as options with rights to buy company shares.
How many Iveda (IVDA) stock options were involved in Robert Gillen’s Form 4 filing?
The Form 4 shows 100,000 stock options acquired and 100,000 options disposed of, each priced at $0.00 in the transaction records. After these transactions, Gillen’s reported holdings in options stood at 128,599, according to the totals listed following the transactions.
Did the Iveda (IVDA) Form 4 change Robert Gillen’s total option holdings?
The filing lists 128,599 options reported as held following each transaction, suggesting the grant and disposition were structured so the reported total remained the same. The activity reflects an internal adjustment rather than a net increase or decrease in his option position.
What exercise price was set in Iveda (IVDA) director Robert Gillen’s option repricing?
The board-approved repricing reset Robert Gillen’s stock options to an exercise price of $0.29 per share. The company notes that all other terms of the options remained unchanged, indicating only the strike price was modified as part of this repricing.
Were Iveda (IVDA) director Robert Gillen’s option repricing transactions exempt under SEC rules?
Yes. The footnote explains that Gillen’s option repricing transactions were exempt under Rule 16b-6(d) and Rule 16b-3 of the Exchange Act. These rules can provide exemptions for certain insider transactions approved under specified conditions, such as board-authorized equity compensation changes.
What type of securities did Robert Gillen transact in at Iveda Solutions (IVDA)?
The transactions involved derivative securities described as "Options (Right to Buy)." These options give the holder the right to purchase Iveda Solutions shares at a set exercise price, which after the board’s repricing was adjusted to $0.29 per share while other terms stayed the same.