PERGOLA JOSEPH 4

What Happened

• Joseph Pergola, a director of Bright Mountain Media, was granted 100,000 derivative shares (reported as an award/grant) on February 26, 2026. The filing reports a price of $0.00 and an acquisition value of $0 for this transaction, indicating an equity award rather than an open-market purchase or cash sale.
• This is an award (transaction code A), not an exercise or sale — no cash was received or paid at the time of grant.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed on time).
• Reported amount: 100,000 derivative shares/options at $0.00.
• Shares owned following the transaction: not specified in the provided Form 4 summary.
• Footnote (F1): The stock options vest and become exercisable on December 31, 2026. If Pergola resigns from the board without cause during 2026, the award will be prorated through the resignation date and vest on that date.
• Transaction type: Award/Grant (A). No indication of immediate sale, exercise, or tax withholding in this filing.

Context

• This was a director equity award — a common form of compensation intended to align directors with shareholder interests. It does not by itself indicate buying or selling sentiment.
• Because this is a derivative/option-style grant (per the footnote), value realization will depend on vesting and any future exercise details.