Tron Inc. Director Christopher Melton Exercises 50,000 Options

What Happened

• Christopher Melton, a director of Tron Inc. (TRON), exercised 50,000 stock options on September 15, 2026, paying $0.56 per share for a total cash outlay of $28,000. The exercise resulted in the issuance of 50,000 shares of common stock to Melton. The filing also shows a related derivative entry for 50,000 shares at $0.00 reflecting the conversion/cancellation of the option instrument.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17.
• Acquired: 50,000 shares via option exercise at $0.56 per share (total $28,000).
• Related derivative entry: 50,000 shares listed as disposed at $0.00 (reflects conversion of the option).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 — the options were granted under the Company’s 2024 Equity Incentive Plan; the 50,000 options were exercised and resulted in issuance of 50,000 shares.
• No 10b5‑1 plan, tax‑withholding sale, or immediate open‑market sale of the issued shares is indicated in the provided details.

Context

• This was an exercise of previously granted options (transaction code M). That means Melton paid the strike price to convert options into common shares rather than buying shares on the open market or selling shares immediately. The filing does not show an immediate sale (cashless exercise) of the newly issued shares. Exercises are routine for option holders and represent an acquisition of stock via conversion of a derivative instrument.