Evans Grant 4

What Happened
Evans Grant, a director of Blackboxstocks Inc. (BLBX), exercised stock options on January 22, 2026. The filing shows conversion of 5,000 option units (derivative) and the issuance of 3,455 common shares to Grant. The reported price is $0 on the net issuance line because the exercise was completed on a cashless basis (shares were withheld to cover the exercise consideration).

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (timely — within the 2 business‑day reporting window).
• Reported entries: conversion/exercise of 5,000 derivative units (M) and acquisition of 3,455 shares (M) at $0 (net issuance).
• Shares withheld: 1,545 option shares were withheld by the issuer to cover the exercise price/tax withholding, leaving 3,455 shares issued to Grant (footnote F2).
• Option terms/vesting: Options were granted 2025-02-11, vested in four 25% increments (3/31/25, 6/30/25, 9/30/25, 12/31/25) and are exercisable for 10 years (footnote F1). The options were exercised 1/22/2026.
• Shares owned after the transaction: not specified in the filing.
• Transaction codes: M = exercise/conversion of derivative; withholding of shares for payment/taxes noted (cashless exercise).

Context
This was an option exercise (not an open‑market sale). The director converted options into shares and did not report an immediate cash sale of the newly issued shares. The cashless nature (issuer withholding shares to cover the exercise) is a common method to pay exercise costs or taxes and is reported separately from an outright sale.