Cobb Brady James 4
Research Summary
AI-generated summary
SPLASH BEV (SBEV) Interim CEO Cobb B. James Receives 925,000 Options
What Happened
- Cobb Brady James, Interim CEO and Director of Splash Beverage Group, Inc. (SBEV), was granted 925,000 non-qualified stock options on 2026-06-08. The Form 4 reports this as a derivative award (grant), not an immediate purchase of shares. The filing does not disclose a strike price or dollar value; the options are described as fully vested but exercisability is subject to execution of the company's standard Stock Option Agreement.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (filed timely under Form 4 rules).
- Transaction type: Grant/award of derivative securities (stock options) — coded "A" on the Form 4.
- Amount: 925,000 options granted.
- Price/value: Not specified on the Form 4 (N/A).
- Shares/ownership after transaction: Not disclosed in the provided filing details.
- Footnote: Options are non-qualified, granted under the Issuer's 2025 Equity Incentive Plan, approved by the Board and exempt from Section 16(b) under Rule 16b-3; exercisability contingent on execution of the standard Stock Option Agreement.
Context
- This was an award of options (a common form of executive compensation) rather than a market purchase or sale. As a derivative grant, no shares were immediately acquired and no cash changed hands at grant. Options give the holder the right to buy shares later at the option's strike price (not disclosed here). Grants can indicate retention or incentive actions by the board but do not by themselves signal immediate buying or selling of stock.