Nicosia Matthew 4
4 · Vivakor, Inc. · Filed Jun 13, 2022
Insider Transaction Report
Form 4
Vivakor, Inc.VIVK
Nicosia Matthew
DirectorOther
Transactions
- Award
Stock Option to Purchase Common Stock
2022-06-09+955,093→ 955,093 total→ Common Stock (955,093 underlying)
Footnotes (1)
- [F1]On June 9, 2022, Vivakor, Inc. (the "Company") entered into an Executive Employment Agreement (the "Agreement") with Matthew Nicosia. Pursuant to the Agreement, the Company granted Mr. Nicosia a stock option to acquire 955,053 shares of the Company's common stock (the "Stock Option"). The Stock Option will vest over two years with 278,356 of the shares vesting immediately, 225,579 of the shares vesting three (3) months after issuance, and the remaining 451,158 of the shares vesting in equal quarterly installments over the remaining seven (7) quarters (64,451 for 6 quarters and 64,642 in the last quarter), with an exercise price equal to 110% of the fair market value on the date grant, and which expires five (5) years after the date of grant.