SurgePays (SURG) Director Laurie Weisberg Receives Restricted Award

What Happened
Laurie Weisberg, a director of SurgePays, Inc. (SURG), was granted 315,179 restricted shares on July 31, 2026. The shares were awarded at $0.00 per share (total consideration $0) under the SurgePays, Inc. 2022 Omnibus Securities and Incentive Plan and a Restricted Share Award Agreement.

Key Details

• Transaction date: July 31, 2026; Form 4 filed September 16, 2026 (late filing).
• Transaction type/code: Award/Grant (A). Price: $0.00; total value reported $0.
• Vesting conditions (per RSA Agreement): shares vest upon the earlier of (i) Ms. Weisberg ceasing to serve as a director other than for Cause, (ii) a Change of Control, or (iii) June 24, 2029.
• Beneficial ownership after award: approximately 406,868 shares (315,179 newly awarded + 88,880 issuable from prior awards + 2,809 held), not including 5,000 shares held in her IRA (the IRA shares are deemed owned by her but excluded from this subtotal per the filing).
• Footnotes: Award governed by the 2022 Plan and RSA Agreement; no tax-withholding or sale reported.
• Timeliness: The Form 4 was filed more than two business days after the transaction date (marked late); late filings are required to be corrected but do not by themselves indicate insider intent.

Context
This is a non-cash equity grant to a director and should be viewed as a compensation/retention award rather than a market purchase or sale. Such awards are common for board compensation and vesting is tied to continued service or a corporate change of control.