Safe Pro Group Inc.·4

Jun 23, 5:04 PM ET

MACK BRIAN WILLIAM 4

Research Summary

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Safe Pro Group (SPAI) CGO Brian Mack Receives Equity Awards

What Happened
Brian William Mack, Chief Growth Officer of Safe Pro Group Inc. (SPAI), received two equity awards on May 1, 2026: a grant of 300,000 shares of common stock and a grant of options to purchase 150,000 shares. Both grants show $0 cash paid. The stock award vests in installments tied to a Form S-8 filing and revenue milestones; the options vest only upon achievement of specified cumulative gross revenue milestones.

Key Details

  • Transaction date: May 1, 2026; Form filed June 23, 2026 (filing appears late relative to the usual 2-business-day Form 4 deadline).
  • Awarded: 300,000 shares of common stock (grant) — $0 cash paid.
  • Options granted: options to purchase 150,000 shares — $0 cash paid; these are derivative securities.
  • Vesting: Stock award vests in six installments (50,000 shares upon S-8 filing; then 75k, 75k, 50k, 25k, 25k upon $2.5M, $5M, $7.5M, $10M, $15M cumulative gross revenue). Options vest in four milestone installments (25k, 25k, 50k, 50k at $10M, $15M, $25M, $50M cumulative gross revenue). (Footnotes F1–F3)
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Type codes: A = grant/award; the 150,000-share instrument is a derivative option under the 2025 Stock Plan.

Context

  • These are milestone- and filing-contingent awards, not open-market purchases or sales; they do not represent immediate cash investment by the insider.
  • Options only vest if the company hits specified revenue targets; until vested and exercised they do not represent immediately tradable shares.
  • The filing date (June 23, 2026) is well after the May 1 transaction date; late filings can be reportable issues for the company/insider but do not by themselves indicate trading misconduct.