Jennings Frank D 4
Research Summary
AI-generated summary
Eightco (ORBS) Director Frank Jennings Receives 50,000-Share Award
What Happened
- Director Frank D. Jennings was granted 50,000 derivative awards (stock options) by Eightco Holdings Inc. on March 12, 2026. The Form 4 reports the acquisition at $0.00 (no cash paid at grant); no immediate sale or exercise was reported.
Key Details
- Transaction date: March 12, 2026; filing date: March 17, 2026 (filed one business day after the typical two-business-day Form 4 deadline).
- Reported amount: 50,000 options recorded at $0.00 (derivative award). No dollar value for market gain/loss is shown in the filing.
- Shares owned after transaction: not specified in the filing.
- Footnote: Options issued under the Cryptyde, Inc. 2022 Long-Term Incentive Plan. Vesting: 4 equal annual installments (25% each) beginning on the first anniversary of the grant. Expiration: 10 years from grant date.
Context
- This is a compensation grant to a board member, not an open-market purchase or sale. Such awards are routine for directors and do not reflect an immediate cash transaction or an exercised position. The grant vests over time, so potential future ownership depends on continued service and any future exercise of the options.