OLDRIDGE PHILLIP 4

What Happened

• Phillip Oldridge, CEO of Envirotech Vehicles (EVTV), was granted 490,000 shares as a derivative award on 2026-05-22. The filing reports an acquisition at $0.00 (no cash paid). Footnote indicates the option/award vested and became exercisable upon grant.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-27.
• Transaction type: A (Grant/award — derivative); reported acquisition price $0.00.
• Shares involved: 490,000 award shares granted.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — "The option vested and became exercisable upon grant."
• Timeliness: Filing was submitted five days after the transaction date; Form 4s are normally due within two business days, so this appears later than typical reporting timelines.

Context

• This was a grant of derivative awards (not an open-market purchase). Because the award vested immediately, Oldridge can exercise or convert these rights per the award terms, though the Form 4 does not show any exercise or sale.
• Grants and awards are common for executive compensation and do not by themselves indicate a market buy or sell decision.