CATELL ROBERT B 4

What Happened
Robert B. Catell, a director of BNB PLUS CORP. (BNBX), was granted a derivative award of 77,038 shares on 2026-03-27. The filing reports an acquisition price of $0.00 (total $0), indicating an equity award/option-style grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-27; Filing date: 2026-03-31 (filed on time).
• Security acquired: 77,038 shares (derivative award) at $0.00.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnote: F1 — The options vest 25% on the grant date, then 25% per quarter commencing 90 days from the grant date.
• Transaction code: A (Grant, award or other acquisition).

Context
This was an equity compensation grant to a director, which is a common form of non-cash pay and not the same signal as an insider purchase or sale. The vesting schedule means only 25% vested immediately, with the remainder vesting over the following three quarters. Derivative awards like this affect potential future share dilution rather than indicating an immediate change in market exposure.