Cox Christopher Nixon 4

What Happened

• Director Christopher Cox received a grant of derivative securities (an option award) for 23,940 shares of Newsmax (NMAX) on 2026-05-20. The reported acquisition value is $0.00 (award/grant), i.e., no cash was paid by the insider for the grant. The option will become exercisable on the 12-month anniversary of the grant date, contingent on continued service.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-21).
• Transaction type/code: A (Award/Grant of derivative securities).
• Shares/options: 23,940 (reported at $0.00 acquisition value).
• Exercisability/vesting: Becomes exercisable on the 12-month anniversary of the grant date, subject to continued service (per filing footnote).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Timeliness: Filing appears timely (filed one day after the grant).
• Footnote: Grant made under the Issuer’s 2025 Omnibus Equity Incentive Plan and governed by a Stock Option Grant Notice and Option Agreement.

Context

• This is an equity incentive award (options), not a cash purchase or sale. It gives the holder the right to acquire shares in the future if and when the options vest and are exercised; it does not represent immediate proceeds or a current sale of stock.
• Such grants are common as compensation for directors and do not by themselves indicate a buy/sell signal. The option’s exercise price and further terms are in the underlying option agreement and are not detailed in this summary.