CFO of Iveda Solutions (IVDA) reports 125,000-option repricing and net 152,503 held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iveda Solutions Chief Financial Officer Robert J. Brilon reported changes to his stock options in a paired, non-cash transaction. He was granted 125,000 options and disposed of 125,000 options, both recorded as “Options (Right to Buy).” Following these transactions, he holds 152,503 derivative securities directly.
The company’s board approved an option repricing on February 23, 2026, resetting the exercise price of his options to $0.29 per share. The filing states that all other option terms remain unchanged and that the repricing was exempt under specific Exchange Act rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRILON ROBERT J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Right to Buy) | 125,000 | $0.00 | -- |
| Disposition | Options (Right to Buy) | 125,000 | $0.00 | -- |
Holdings After Transaction:
Options (Right to Buy) — 152,503 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Iveda Solutions (IVDA) report in this Form 4?
The Form 4 reports that Iveda Solutions’ CFO, Robert J. Brilon, both acquired and disposed of 125,000 stock options. These paired transactions relate to a board-approved option repricing, leaving him with 152,503 derivative securities directly owned after the changes.
How many options does Iveda Solutions CFO Robert Brilon hold after the repricing?
After the reported transactions, CFO Robert J. Brilon directly holds 152,503 derivative securities classified as options. This figure reflects the net position following the 125,000-option grant and the 125,000-option disposition tied to the board-approved repricing.
What was the new exercise price set in Iveda Solutions’ option repricing?
The option repricing approved by Iveda Solutions’ board set the exercise price of Robert Brilon’s options at $0.29 per share. According to the filing footnote, all other terms of the options remained unchanged as part of this repricing action.
Were the Iveda Solutions insider option transactions cash purchases or sales?
The transactions involve options recorded at a price of $0.00 per option and relate to an option repricing, not open-market cash purchases or sales. The filing characterizes them as a grant/award acquisition and a disposition to the issuer of derivative securities.
Why were the Iveda Solutions option transactions described as exempt?
The filing states the option repricing transactions were exempt under Rule 16b-6(d) and Rule 16b-3 of the Exchange Act. These exemptions generally apply to certain issuer-related derivative adjustments and board-approved compensation actions involving insiders like executive officers.
What do the acquire and dispose codes mean in Iveda’s Form 4 for IVDA?
The Form 4 labels one option transaction as an acquisition (grant, award, or other acquisition) and the other as a disposition to the issuer. Together they describe a repricing adjustment of existing options rather than separate market-based buying or selling activity.