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.