BRILON ROBERT J 4
4 · Bitech Technologies Corp · Filed Feb 15, 2023
Insider Transaction Report
Form 4
BRILON ROBERT J
DirectorChief Financial Officer
Transactions
- Award
Options (Right to Buy)
2023-02-13+5,000,000→ 5,000,000 totalExercise: $0.03From: 2023-02-13Exp: 2033-02-13→ Common Stock (5,000,000 underlying)
Footnotes (1)
- [F1]The options subject to these grants vested 80% on the date of the grant, 10% on January 1, 2024 and 10% on January 1, 2025 so long as the Report Person is providing services to the Issuer or one of its subsidiaries; provided, however, the vesting is subject to acceleration such that if the Reporting Person is terminated from his role without cause (as defined in the Stock Option) the number of shares subject to the Stock Option in the year of termination shall vest plus the number of shares that would have vested in the following year. In the event the Reporting Person's service as a member of the Issuer's Board of Directors is terminated with cause, the number of shares subject to the Stock Option in the year of termination shall vest..