MONEY ARTHUR L 4
Research Summary
AI-generated summary
HawkEye 360 Director Arthur L. Money Exercises Options for 50,000 Shares
What Happened
- Arthur L. Money, a director of HawkEye 360 (HAWK), exercised stock option/derivative awards on June 3, 2026. He acquired 50,000 common shares in total: 4,000 at $2.78 ($11,120), 1,000 at $2.93 ($2,930), and 45,000 at $2.31 ($103,950), paying $118,000 in the aggregate. Corresponding derivative interests (50,000 units) were surrendered/converted with $0 proceeds (typical when options are exercised into shares).
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-04 (filed next day).
- Exercise breakdown: 4,000 @ $2.78; 1,000 @ $2.93; 45,000 @ $2.31 — total cash paid $118,000.
- Shares acquired: 50,000 common shares.
- Derivatives surrendered/converted: 50,000 units shown as disposed at $0 (reflects conversion/exercise).
- Shares owned after transaction: not specified in the provided filing data.
- Footnotes: Shares are held by the Money Family Trust (dated Nov 19, 1981, revised Aug 26, 2016); Arthur L. Money is trustee with voting and dispositive power (F1). The options/shares were fully vested (F2).
- No 10b5-1 plan or tax-withholding sale noted; filing appears timely.
Context
- This was an option exercise (transaction code M). The filing shows conversion of derivative instruments into common shares rather than a sale of the new shares, so this is an acquisition of stock rather than a disposition for cash. Option exercises are common insider transactions and are not, by themselves, a direct buy/sell signal about future company prospects.