RICHIE LEROY C 4/A

What Happened

• Richie Leroy C, a director of Kustom Entertainment, Inc. (KUST), was granted derivative awards (stock options) effective January 22, 2026. The Form 4 (amended) reports a derivative award entry; a footnote clarifies the Board awarded options to acquire 58,333 shares with an exercise price of $2.04 per share (the Nasdaq closing price on 1/22/2026). 100% of the options vest on January 22, 2027, contingent on the Reporting Person remaining a director on that date. This grant is an award of options — not an immediate purchase of common stock.

Key Details

• Transaction date: January 22, 2026 (Period of Report); Form 4 filed as an amendment on March 2, 2026.
• Reported table entry: 5,000 derivative securities (Table II) — the filing is amended to correct Table II; footnote F2 states the award is for options to acquire 58,333 shares.
• Exercise price: $2.04 per share (equals the closing market price on 1/22/2026), so no intrinsic value at grant.
• Vesting: 100% vests on January 22, 2027, contingent on continued service as a director.
• Reverse split: Footnote F1 notes a reverse stock split occurred on January 8, 2026 and affected reported amounts.
• Shares/ownership after transaction: Not disclosed in this filing.
• Filing type: Amended Form 4 to correct reporting in Table II (no indication here that the amendment was a late enforcement filing).

Context

• These are options (derivative securities). The award gives the right to buy shares in the future if exercised after vesting; nothing was sold or purchased immediately by the insider. Because the exercise price equals the market close on the grant date, the options had no immediate intrinsic value at grant — they are typically used for compensation/retention.