CAPPUCCIO PAUL T 4

What Happened

• Paul T. Cappuccio, a director of RUM Group Inc. (RUM), exercised 62,767 vested stock options on June 29, 2026. The exercise price was $2.50 per share for a cash cost of $156,918. According to the filing footnote, this was an "exercise and hold"—no shares were sold in connection with the exercise.

Key Details

• Transaction date: 2026-06-29. Exercise price: $2.50 per share. Total cash paid: $156,918.
• Filing date / Period of report: filed 2026-07-01 for period 2026-06-29. No late filing is indicated in the provided data.
• The Form 4 reports both the option exercise (acquisition) and the conversion of the derivative to shares (shown at $0 for the conversion line) — together representing the exercise-and-hold.
• Footnote F2: 30,849 of the options are described as "earnout" stock options subject to vesting and forfeiture terms under the Business Combination Agreement.
• The filing does not state the insider’s total shares owned after the transaction in the excerpt provided.

Context

• This was an option exercise and hold, not an open-market purchase or sale; the director paid the exercise price to receive shares and did not sell any shares as part of the transaction.
• Because some options are “earnout” options subject to future vesting/forfeiture, a portion of the exercised/converted shares may carry vesting conditions as noted in the footnote.
• Exercises are a way insiders can increase their recorded holdings, but they reflect prior compensation grants being converted to stock rather than a market purchase signaling new capital commitment.