Falk Dan Michael 4

What Happened Falk Dan Michael (Director) exercised stock options on June 3, 2026, resulting in the acquisition of 696 shares at $0.29 per share for a total cash outlay of $204. The filing also reports a related derivative disposition of 696 shares at $0.00 (no proceeds shown). The footnote states the option was fully vested and exercisable.

Key Details

• Transaction date: 2026-06-03.
• Acquired: 696 shares @ $0.29 = $204 (option exercise, code M).
• Disposed: 696 shares @ $0.00 (reported as derivative; no cash proceeds shown).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: F1 — the stock option is fully vested and currently exercisable.
• Filing date: 2026-06-04 — filed the next day, which appears timely.

Context This filing documents an option exercise (insider acquiring shares). The separate $0.00 disposition line is a derivative entry in the Form 4; the document does not show an open-market sale or sale proceeds, so it’s not possible from this filing alone to confirm a cashless sell-to-cover or an immediate market sale. Exercises increase an insider’s share count but can also be routine (e.g., exercising vested options for ownership or tax reasons); the filing is factual and does not indicate the insider’s motivation.