Nelson Tyler Robert 4
4 · Vivakor, Inc. · Filed Jun 13, 2022
Insider Transaction Report
Form 4
Vivakor, Inc.VIVK
Nelson Tyler Robert
Chief Financial Officer
Transactions
- Award
Stock Option to Purchase Common Stock
2022-06-09+917,825→ 917,825 total→ Common Stock (917,825 underlying)
Footnotes (1)
- [F1]On June 9, 2022, Vivakor, Inc. (the "Company") entered into an Executive Employment Agreement (the "Agreement") with Tyler Nelson. Pursuant to the Agreement, the Company granted Mr. Nelson a stock option to acquire 917,825 shares of the Company's common stock (the "Stock Option"). The Stock Option will vest over two years with 360,145 of the shares vesting immediately, 219,312 of the shares vesting three (3) months after issuance, and the remaining 338,368 of the shares vesting in equal quarterly installments over the remaining seven (7) quarters (48,338 for 6 quarters and 48,340 in the last quarter), with an exercise price equal to 100% of the fair market value on the date grant, and which expires ten (10) years after the date of grant.