File Justin J. 4

What Happened

• Justin J. File, CEO (also CFO, Secretary and Director) of Lite Strategy, Inc. (LITS), received an award of options covering 455,000 shares on Feb 12, 2026. The Form 4 lists this as a derivative grant (transaction code A); no exercise price or total grant value is reported on the Form 4.
• The grant was approved by the board on Nov 20, 2025 and conditioned on shareholder approval of the 2026 Stock Omnibus Equity Compensation Plan, which shareholders approved on Feb 12, 2026. The award was issued as employment compensation.

Key Details

• Transaction date: 2026-02-12 (Form filed same day).
• Transaction type/code: Award/Grant (A) — derivative securities (stock options).
• Shares/options granted: 455,000 options (price: N/A on Form 4; total dollar value not disclosed).
• Immediate vesting: 5.6% vested and exercisable as of Feb 12, 2026 (≈25,480 options). The remaining 94.4% vests in 34 monthly installments beginning Feb 14, 2026, subject to continued service.
• Footnotes: F1 — grant approved by board Nov 20, 2025, conditioned on shareholder approval (obtained Feb 12, 2026). F2 — vesting schedule described above. F3 — received as employment compensation.
• Shares owned after transaction: Not reported on this Form 4.
• Filing timeliness: Form 4 filed on Feb 12, 2026 (no late filing indicated).

Context

• This was a compensation grant of options, not an open‑market purchase or sale. Options are derivatives; their eventual value depends on the undisclosed exercise price and future stock performance.
• About 5.6% of the grant is immediately exercisable; the bulk vests over roughly 34 months, tying compensation to continued service. This is typical for executive retention awards and does not by itself indicate an immediate market move (no shares were sold or exercised in this filing).