Swarmer (SWMR) 10% Owner Serhii Kupriienko Exercises Options

What Happened

• Serhii Kupriienko, reported as a 10% owner of Swarmer, Inc. (SWMR), exercised or converted options (transaction code M) covering 3,997,762 shares on 2026-08-09. The filing shows an acquisition entry for 3,997,762 shares and a corresponding disposition entry for the same number of derivative shares at $0.00.
• A footnote (F1) indicates an exercise price of $0.00001 per share, implying an aggregate exercise cost of roughly $40. The filing does not report cash proceeds from a sale of common stock; the disposition is reported as $0.00 for the derivative instrument.

Key Details

• Transaction date: 2026-08-09; Form 4 filed 2026-08-12 (Accession 0001104659-26-095117).
• Shares involved: 3,997,762 shares (acquired via option exercise/conversion and a matching disposition of the derivative instrument).
• Prices/values: exercise price per F1 = $0.00001 ≈ $40 total; disposition price shown = $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Vesting note (F2): the underlying option vests over four years—one-fourth after one year and monthly thereafter (subject to continued service).
• Reporting status: reported by a 10% owner (insider class), not necessarily an executive; no 10b5‑1 plan or tax‑withholding sale noted in the excerpt.

Context

• This was an option exercise/conversion (derivative transaction), not an open‑market purchase or typical cash sale of common stock. The simultaneous acquisition and disposition entries commonly reflect conversion/settlement mechanics rather than a straightforward buy or sell of shares.
• Exercises at nominal prices are often routine (vesting/exercise mechanics). Such filings are factual records of ownership changes and do not, by themselves, indicate the insider’s view of the company’s prospects.