KELLMAN F SCOTT 4

What Happened
Director Kellman F. Scott was granted a derivative award of non‑qualified stock options covering 3,000 shares on January 16, 2026. The Form 4 lists the acquisition as 3,000 shares at $0.00 (derivative security). According to the filing, the options vest immediately.

Key Details

• Transaction date: January 16, 2026; Form 4 filed February 9, 2026 (filing appears late vs. the typical 2-business‑day deadline).
• Security: Non‑qualified stock options (derivative) covering 3,000 shares; price reported as $0.00 and listed as an acquisition (A).
• Post-transaction holdings: Not disclosed in the filing.
• Footnotes: F1 — grant made under Regional Health Properties, Inc.’s Amended and Restated 2023 Omnibus Incentive Compensation Plan. F2 — value basis used was the average of the high/low OTC price on Jan 16, 2026. F3 — options vest immediately.
• No indication in the filing that options were exercised or that any shares were sold; this is a grant (award), not a sale.

Context
This was an option grant that vests immediately, meaning the award is fully vested upon grant. As a derivative award, it gives potential future upside if the stock rises and the options are exercisable under plan terms. The late filing reduces the timeliness of the disclosure for investors and may warrant attention, but the filing contains no additional unusual terms (e.g., cashless exercise, 10b5‑1 plan, or tax withholding) beyond the listed footnotes.