Blue Laser Fusion Director Jeffrey B. Shealy Receives 22,098-Share Award

What Happened

• Jeffrey B. Shealy, a director of Blue Laser Fusion, reported receiving a derivative award for 22,098 shares on 2026-09-04. No per-share price or cash value is reported (listed as N/A), as this was a conversion of a pre-merger option rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09 (filed 5 days after the transaction; exceeds the standard 2-business-day reporting window).
• Amount acquired: 22,098 derivative shares (award/grant).
• Price/Value: N/A on the Form 4 (derivative instrument conversion).
• Footnote: The award was received in connection with the merger of Blue Laser Fusion Acquisition Co. into Pre-Merger BLF, in exchange for an option to acquire 35,000 Pre-Merger BLF shares at $1.32 per share. The resulting option vests in 48 equal monthly installments beginning Feb 1, 2026.
• Shares owned after transaction: Not specified on the filing.

Context

• This was a merger-related conversion of an existing option into a derivative award; it is not an open-market purchase or sale. The award vests monthly (48 installments), so shares are not fully transferable immediately. Such awards reflect compensation/merger consideration rather than a director purchasing stock as a signal of conviction.