Blue Laser Fusion Chief Accounting Officer Vanessa Truong Receives Award

What Happened

• Vanessa Ann Truong, Chief Accounting Officer and Treasurer of Blue Laser Fusion, received two awards in connection with the Sept. 4, 2026 merger: 63,137 shares of common stock (grant) and 63,137 derivative shares (an option/award). No per-share price or market value is reported for the stock grant.
• The derivative interest relates to an option with a $1.32 strike per footnote; that option vests in 48 equal monthly installments beginning April 28, 2027. These were transferred in the Merger in exchange for pre-merger restricted shares and an option.

Key Details

• Transaction date: September 4, 2026; Form 4 filed September 9, 2026 (filed 5 days after the transactions — late relative to the usual 2-business-day Form 4 deadline).
• Reported transactions: 63,137 shares acquired (grant, Code A) and 63,137 derivative shares acquired (Code A / derivative).
• Price: N/A for the granted shares; related option strike = $1.32 per share (footnote).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — shares received in exchange for 100,000 restricted Pre‑Merger BLF shares; F2 — derivative received in exchange for an option to acquire 100,000 Pre‑Merger BLF shares for $1.32, vesting over 48 months.
• Filing timeliness: Late filing (transaction on 9/4/2026; Form 4 filed 9/9/2026).

Context

• This was not an open‑market purchase or sale but a merger-related conversion of pre‑merger restricted shares and an option into post‑merger awards. Such awards reflect transaction mechanics and compensation/conversion terms rather than an insider buying or selling shares in the open market.
• The derivative is an option that vests monthly; there is no indication the option was exercised or any shares were sold immediately.