Lai Sam 4
Research Summary
AI-generated summary
Hour Loop (HOUR) CEO Lai Sam Receives Stock Award
What Happened
- Lai Sam, CEO of Hour Loop, was granted 1,586 shares of the issuer's common stock on July 1, 2026. The shares were awarded at $0.00 per share (total value reported $0) as compensation; transaction code A (award/grant).
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (Form 4 accession 0001493152-26-032013).
- Shares granted: 1,586; price per share: $0.00; total cash value reported: $0.
- Shares owned after transaction (beneficial ownership): filing notes Lai Sam beneficially owns 33,363,314 shares.
- Notable footnotes: F1 — grant approved by the Board as compensation for services. F2 — spouse Sau Kuen Yu (Senior VP and director) and Lai Sam are treated as having overlapping beneficial ownership; each is reported as beneficially owning 33,363,314 shares (each deemed to indirectly own the other's 16,681,657 shares).
- Timeliness: filing appears timely (no late-filing flag reported).
Context
- This was a compensation award, not an open-market purchase or sale, so it reflects board-authorized pay rather than a direct buying/selling signal. For retail investors, awards are routine executive compensation and do not necessarily indicate near-term trading intent.