Hour Loop, Inc·4

Apr 7, 4:05 PM ET

Yu Sau Kuen 4

Research Summary

AI-generated summary

Updated

Hour Loop (HOUR) 10% Owner Yu Sau Kuen Receives 1,600-Share Award

What Happened

  • Yu Sau Kuen, a 10% owner of Hour Loop, received a board-approved grant of 1,600 shares of common stock on April 6, 2026. The shares were awarded as compensation and were issued at $0.00 per share (total reported value $0). This is an award/grant transaction (code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-04-06; Form 4 filed: 2026-04-07.
  • Shares granted: 1,600 common shares at $0.00 per share (total $0).
  • Shares owned after transaction: the filing states that Yu Sau Kuen and her spouse, Sam Lai (the company’s CEO and director), beneficially own 33,360,142 shares in total; each is deemed to beneficially own 33,360,142 shares (including indirect ownership of 16,680,071 shares of the other).
  • Footnotes: F1 — grant approved by the issuer’s Board as compensation for services; F2 — explanation of shared/indirect beneficial ownership with spouse Sam Lai.
  • Filing timeliness: No late filing indicated in the report.

Context

  • This was a compensation award (not a purchase or sale). Such grants are common for compensating service and do not necessarily reflect immediate trading sentiment.
  • As a 10% owner and spouse of the CEO, Yu’s holdings are reported with combined/indirect ownership disclosures; that’s an ownership reporting detail rather than a trading signal.