LEVY IRA 4

What Happened
LEVY IRA, reported as a 10% owner of Surge Components Inc. (ticker: SPRS), was granted 19,130 derivative shares on March 20, 2026 (transaction code A — award/grant). The shares were reported with an acquisition price of $0.00 (total reported value $0). This was an award/grant (not an open-market purchase or sale). The Form 4 was filed on April 2, 2026, which is beyond the usual two-business-day reporting window (late filing).

Key Details

• Transaction date and type: 2026-03-20 — Grant/Award (SEC Form 4 transaction code A).
• Shares involved: 19,130 derivative shares acquired at $0.00 per share (reported value $0).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Notable points: Insider listed as a 10% owner (substantial holder). The filing treats the shares as derivative/award — details such as vesting or restrictions were not provided.
• Filing timeliness: Form 4 filed 2026-04-02 (late relative to the standard 2-business-day requirement).

Context
A grant/award of derivative shares typically indicates the insider/entity received equity-linked securities (e.g., restricted shares or other awards) rather than buying shares on the open market. Such awards often carry vesting or other conditions (the filing did not specify). Because LEVY IRA is a 10% owner, this reflects activity by a substantial holder rather than routine executive open-market trading; the award itself does not necessarily indicate immediate buying or selling sentiment. The late filing is an administrative compliance detail investors should note.