Halabu David Elias 4

What Happened
David Elias Halabu, CEO of Z Squared, was granted a stock option to acquire 500,000 shares on April 27, 2026. The option was reported as a derivative award (code A) with an exercise price equal to the fair market value of the common stock on the grant date; the filing lists the acquisition price as $0 because this is a grant. The option remains exercisable for 10 years from the grant date.

Key Details

• Transaction date: April 27, 2026; Form 4 filed April 30, 2026. (Form 4s are generally required within two business days of the transaction.)
• Award: Option to purchase 500,000 shares; exercise price = fair market value on grant date (specific dollar price not stated in the filing).
• Vesting: Option vests in full only when the share price increases by 50% above the grant-date fair market value, as determined in the Board's reasonable discretion.
• Term: Option exercisable for 10 years from grant date, subject to the 2025 Incentive Compensation Plan and the applicable award agreement.
• Shares owned after transaction: not specified in the filing.
• Footnote: Grant was made under an Amended & Restated Executive Employment Agreement and the Z Squared, Inc. 2025 Incentive Compensation Plan.

Context
This was a compensation grant (stock option award), not an open-market purchase or sale. Such awards are common for executives and are intended to align incentives with long-term share-price performance; the vesting condition ties value realization to a 50% increase over the grant-date fair market value. Because the option was granted (not exercised or sold), no immediate cash or shares changed hands.