Lai Sam 4

What Happened

Lai Sam, CEO of Hour Loop, was granted 1,600 shares of the issuer's common stock on April 6, 2026 as compensation. The shares were issued at $0.00 per share (total reported value $0), and the grant was approved by the company's Board of Directors (footnote F1). This was a compensatory award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-06; Transaction type/code: Award/Grant (A); Price per share: $0.00; Shares granted: 1,600; total reported value: $0.
• Beneficial ownership reported: Mr. Lai and his spouse, Sau Kuen Yu (Hour Loop SVP and board member), are reported together to beneficially own 33,360,142 shares; each is deemed to indirectly beneficially own the other's 16,680,071 shares (footnote F2). The 1,600-share grant is immaterial relative to that holding (~0.0048%).
• Not a sale or purchase—this is executive compensation. No 10b5-1 plan, tax withholding, or late-filing indication is reported in the filing.

Context

Stock grants to executives are common as part of compensation packages and do not necessarily signal personal buying or selling intent. Because this was a small compensatory award (1,600 shares) and carries no cash purchase price, it has minimal dilution or market-impact implications for retail investors.