Yaukey-Witter Jeremy Reese 4
Research Summary
AI-generated summary
Axe Compute (AGPU) CFO Jeremy Yaukey‑Witter Receives 225,000‑Share Option Award
What Happened
- Jeremy Reese Yaukey‑Witter, Chief Financial Officer of Axe Compute Inc. (AGPU), was granted a derivative award on 2026-04-16 covering 225,000 shares. The Form 4 reports the acquisition value as $0.00 and characterizes the award as a stock option granted as an inducement (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-04-16; reported acquisition value on Form 4: $0.00 (derivative award).
- Filing date: 2026-04-21 (filed five days after the transaction; later than the typical two‑business‑day Form 4 deadline).
- Shares owned after the transaction: not specified in the Form 4 filing.
- Footnotes: (F1) The award is a stock option granted as an inducement under Nasdaq Listing Rule 5635(c)(4). (F2) Vesting: 3‑year schedule — 1/3 vests on the first anniversary of the grant, then the remainder vests in equal monthly installments over the next 24 months, subject to continued employment.
Context
- This was an option/derivative grant (an inducement award), so it does not represent immediate share ownership or an open‑market purchase/sale. Vesting conditions mean the CFO must stay employed through the vesting dates before options can be exercised into shares. The Form 4 reports $0.00 as the acquisition value; review the full filed document for exercise price and other grant terms.