Celeste Richard F 4

What Happened
Celeste Richard, a director of Range Impact, exercised 250,000 derivative securities (transaction code M) on June 15, 2026 to acquire 250,000 shares at $0.15 per share, paying $37,500. The same filing also reports a disposition/conversion of 250,000 derivative securities at $0.00 on that date; this disposed-at-$0.00 entry reflects the conversion/exercise of the derivative instrument rather than an open-market sale. The net effect reported is an acquisition via exercise rather than a market sale.

Key Details

• Transaction date: 2026-06-15 (reported on Form 4 filed 2026-06-16)
• Acquisition: 250,000 shares at $0.15 each — total cost $37,500 (code M: option exercise/conversion)
• Disposition: 250,000 derivative securities at $0.00 (conversion/settlement of the derivative instrument)
• Shares owned after the transaction: Not specified in the filing
• Footnotes/plan info: No 10b5-1 plan, tax withholding, or other special footnotes noted in the filing
• Timeliness: Filed the next day (no late-filing indication in the Form 4)

Context
Transaction code M denotes an exercise or conversion of derivative securities (e.g., options or warrants). The $0.00 disposition entry commonly appears when a derivative is converted into underlying shares rather than sold for cash; it does not indicate a market sale. This was a modest insider purchase (cash paid $37,500) and, absent a reported immediate sale, suggests shares were obtained rather than liquidated. As always, insider exercises show ownership action but do not by themselves reveal the director’s view of the company.