Torres Virgilio Davincy 4
4 · TEN Holdings, Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
TEN Holdings CEO Torres Davincy Receives 120,000-Share Option Award
What Happened
Torres Virgilio Davincy, CEO, CFO and director of TEN Holdings, was granted an option award covering 120,000 underlying shares on June 30, 2026. The Form 4 records this as an award/derivative acquisition (code A) at $0.00 (total reported value $0). The grant was made in connection with his appointment as Chief Executive Officer.
Key Details
- Transaction date: June 30, 2026 (reported on Form 4 filed July 8, 2026).
- Transaction type/code: Grant / Award (derivative) — Code A.
- Shares/options granted: 120,000 (reported acquisition amount).
- Price/value reported: $0.00 (filing shows $0).
- Vesting: One-third vested on June 30, 2026; remaining shares vest in equal monthly installments beginning July 30, 2026 (per footnote).
- Shares owned after transaction: Not specified in the supplied filing details.
- Timeliness: Filing appears late — Form 4 was filed eight days after the transaction (SEC Form 4s are typically due within two business days).
Context
This filing documents an options/award grant and partial immediate vesting; it does not report any exercise or sale of shares. Option grants are compensation/retention tools and do not by themselves indicate the insider bought or sold stock. The late filing is a compliance note for investors but does not change the substance of the award.
Insider Transaction Report
- Award
Employee Stock Option (Right to Buy)
[F1]2026-06-30+120,000→ 120,000 totalExercise: $1.89Exp: 2036-06-30→ Common Stock (120,000 underlying)
Footnotes (1)
- [F1]The option reported herein was granted in connection with the Reporting Person's appointment as Chief Executive Officer of the Issuer. The option vested as to one third of the underlying shares on June 30, 2026 and vests as to the remaining underlying shares in equal monthly installments beginning on July 30, 2026.