4//SEC Filing
PETE CLINT J. 4
Accession 0001104659-25-082697
CIK 0001015155other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 9:45 PM ET
Size
8.5 KB
Accession
0001104659-25-082697
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Award
2025-08-21+102,000→ 102,000 totalExercise: $0.00→ Common stock (102,000 underlying)
Holdings
- 5,950(indirect: By IRA)
Common Stock
- 19,983
Common Stock
- 2,565(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]The restricted stock was granted pursuant to the Charles & Colvard, Ltd. (the "Issuer") Fiscal 2026 Executive Incentive Program. The reporting person will elect within one week of the Issuer's filing of its Annual Report on Form 10-K for fiscal year ended June 30, 2025 to either receive (1) 65% of the restricted stock, which will convert into the Issuer's common stock upon the vesting parameters outlined in footnote 2 below and the remaining 35% of the restricted stock will be converted into a cash bonus award; or (2) 100% of the restricted stock, which will convert into the Issuer's common stock upon the vesting parameters outlined in footnote 2 below. However, the two options noted above can be changed for future vesting tranches no less than three months before such vesting event.
- [F2]Represents restricted stock vesting quarterly over three years beginning October 1, 2025, however the October 1, 2025 and the January 1, 2026 tranches will both vest on January 1, 2026 for a total of 17,000 shares of restricted stock vesting on January 1, 2026, and the remaining ten tranches will vest quarterly thereafter.
Documents
Issuer
CHARLES & COLVARD LTD
CIK 0001015155
Entity typeother
Related Parties
1- filerCIK 0001690219
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 9:45 PM ET
- Size
- 8.5 KB