Maddox Jason 4

What Happened
Jason Maddox, President, Interim CFO and a director of Envirotech Vehicles, Inc. (EVTV), was granted 310,000 derivative securities (reported as a grant/award) on 2026-05-22. The filing reports a $0.00 per-share acquisition amount, indicating no cash was paid at grant. The footnote to the filing states the option vested and became exercisable immediately upon grant. This was an award (compensation/derivative grant), not a sale or open-market purchase.

Key Details

• Transaction date: 2026-05-22 (reported on Form 4 filed 2026-05-27).
• Transaction type/code: A (Grant/Award of derivative securities).
• Amount: 310,000 derivative shares; reported acquisition price $0.00.
• Footnote: The option vested and became exercisable upon grant (F1).
• Shares owned after transaction: Not disclosed in the provided data.
• Timeliness: Form 4 was filed five days after the transaction date (appears later than the standard two-business-day reporting window).

Context
This was a compensation-style award of derivative securities (likely options/rights) that vested immediately; no exercise or sale occurred as part of this filing, so there was no immediate cashless exercise or disposition reported. Awards to executives are common as part of pay or retention programs and do not by themselves indicate buying or selling sentiment. The late filing may be worth noting for governance or disclosure-monitoring purposes.