Koshewa Tamra L 4

What Happened

Tamra L. Koshewa, Chief Financial Officer of Creative Realities, Inc. (CREX), received a grant of 100,000 stock options on December 1, 2025. The Form 4 reports the acquisition as a derivative award with an acquisition price shown as $0.00 (the filing indicates these are options, not an open-market purchase or exercise).

Key Details

• Transaction date: 2025-12-01; Form 4 filed: 2026-01-28 (filing appears late relative to the transaction date).
• Instrument: 100,000 stock options granted (derivative award). Reported acquisition amount: $0.00.
• Vesting schedule (footnote): 33,333 options vest on 12/01/2026; 33,333 on 12/01/2027; 33,334 on 12/01/2028.
• Plan: Issued under the Issuer's 2023 Stock Incentive Plan and the company’s standard stock option agreement.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Remarks: Power of Attorney referenced (Exhibit 24.1 filed with Form 3).

Context

This was a grant of options (an award), not an exercise or cash purchase — the options give the holder the right to buy shares in the future per the option terms and vesting schedule. Such grants are common compensation for executives; they do not represent immediate cash value unless exercised and sold. The late filing could be material for compliance but does not change the nature of the grant itself.