GPO Plus (GPOX) CEO Brett Pojunis Receives 4M-Share Award

What Happened

Brett H. Pojunis, CEO and director of GPO Plus, was granted a derivative award of 4,000,000 shares on 2026-08-19 at an exercise/price basis of $0.04 per share, giving a notional value of $160,000. The transaction is reported as an award/acquisition of a derivative security (Form 4 transaction code A).

Key Details

• Transaction date: 2026-08-19; reported on Form 4 filed 2026-09-01 (filed late — 13 days after the transaction).
• Instrument: Derivative award convertible 1-for-1 into common stock (Footnote F1).
• Conversion/vesting: Convertible immediately at holder's option with no expiration (Footnote F2).
• Reported per-share basis: $0.04; total notional value: $160,000.
• Shares owned after transaction: Not specified in the provided filing.
• Transaction type code: A (award/grant/other acquisition of a derivative).

Context

This was an award of derivative securities, not an open-market purchase or sale. Because they convert 1-for-1 into common shares and can be converted immediately, these awards represent potential common shares that the insider can elect to receive. The Form 4 was filed late, which delays public disclosure but is typically a reporting-timing issue; late filing does not by itself indicate insider misconduct.