Eva Live Inc: CEO David Boulette exercised 4,000,000 shares

What happened

• David Boulette, CEO, exercised options to acquire 4,000,000 shares at $0.10 on Feb 17, 2026 for $400,000. The filing also reports a derivative disposition of 4,000,000 shares at $0.00 on Feb 17, 2026.
• Boulette received 220,947 shares as an award on Jun 10, 2026 at $2.28 per share for $503,759; the filing states these shares were issued pursuant to a board resolution in settlement of accrued back salary.
• This is an amended Form 4 filed Oct 8, 2026; the amendment corrects the Jun 10, 2026 award from 202,947 shares to 220,947 shares and updates the related beneficial ownership.

Key details

• Transaction dates and prices:
  • Feb 17, 2026: exercised options and acquired 4,000,000 shares at $0.10, $400,000 (code M); derivative disposed 4,000,000 at $0.00 (code M).
  • Jun 10, 2026: award/acquisition of 220,947 shares at $2.28, $503,759 (code A).
• Shares owned after the transaction: the filing text provided here does not state the post-transaction beneficial ownership number; the amendment says the related beneficial ownership was corrected.
• Footnotes:
  • F1: Shares acquired on exercise were from vested stock options granted under Boulette's Employment Agreement dated May 31, 2025.
  • F2: Jun 10, 2026 shares were issued in settlement of accrued back salary; amendment corrected reported shares from 202,947 to 220,947.
  • F3: Options to purchase 20,000,000 shares were granted May 31, 2025; 20% vested Jan 1, 2026 and May 31, 2026, and 20% vest each May 31 in 2027, 2028 and 2029; options have no stated expiration while employed.
• Timeliness: the original Form 4 was filed Sep 21, 2026; this filing is an amendment filed Oct 8, 2026.

Why it may matter

• The filing shows an exercise of options and a simultaneous derivative disposition on Feb 17, 2026; the filing does not indicate that this was a cashless exercise or whether shares were sold on the open market.
• The Jun 10, 2026 transaction was an issuance by the company to settle accrued salary, not a market purchase.
• A filing does not show why the insider traded or why the company acted.