Madhavji Alykhan 4
4 · RTB Digital, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
RTB Digital CFO Madhavji Alykhan Exercises Options
What Happened Madhavji Alykhan, Chief Financial Officer of RTB Digital, exercised 145,881 stock options on June 4, 2026 at an exercise price of $1.89 per share, for a cash outlay of $275,715. The 145,881 shares were issued to BFF Ltd., an entity controlled by Mr. Alykhan (reported as a related-party issuance).
Key Details
- Transaction date and type: June 4, 2026 — Option exercise (SEC code M).
- Price and value: $1.89 per share; total cash paid $275,715.
- Shares issued: 145,881 shares were issued to BFF Ltd. per the filing.
- Holdings after transaction (per footnotes): BFF Ltd. previously held 233,410 shares and received 145,881 new shares (total 379,291). Mr. Alykhan disclaims beneficial ownership of BFF’s shares except to the extent of any pecuniary interest.
- Options remaining: Through BFF Ltd., Mr. Alykhan continues to hold options to buy 182,351 shares at $1.89, with vesting/expiration dates from Aug 1, 2026 to Aug 1, 2028.
- Filing timeliness: The Form 4 was filed on June 22, 2026 (18 days after the transaction), which is later than the typical two-business-day SEC reporting window.
Context This was a cash exercise of options (not a cashless exercise or open-market sale). The shares were issued to a related entity (BFF Ltd.) rather than reported as sold on the open market; related-party transfers and option exercises are common and do not by themselves indicate the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock par value $0.001
[F1]2026-06-04$1.89/sh+145,881$275,715→ 233,410 total(indirect: BFF Ltd.) - Exercise/Conversion
Stock Options
[F2][F3]2026-06-04$1.89/sh−145,881$275,715→ 182,351 total(indirect: BFF Ltd.)Exercise: $1.89From: 2025-09-12Exp: 2035-08-12→ Common Stock, par value $0.001 (145,881 underlying)
Footnotes (3)
- [F1]BFF Ltd. Is a controlled entity under common control with Mr. Madhavji and, as such, he may be deemed to have beneficial ownership over BFF Ltd.'s entire holding of 233,410 shares of Common Stock. Mr. Madhavji disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.
- [F2]On June 4, 2026, 145,881 shares of Common Stock were issued to BFF Ltd. Upon the cash exercise of stock options to purchase 145,881 shares of Common Stock at an exercise price of $1.89 per share.
- [F3]Following the reported transaction, the Reporting Person, through BFF Ltd., continues to hold stock options to purchase 182,351 shares of Common Stock at $1.89 per share, with vesting and expiration dates ranging from August 1, 2026 to August 1, 2028.