4//SEC Filing
Habersetzer Jeffrey 4
Accession 0001840252-23-000005
CIK 0001784567other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 1:17 PM ET
Size
9.3 KB
Accession
0001840252-23-000005
Insider Transaction Report
Form 4
Habersetzer Jeffrey
COO/Secretary
Transactions
- Award
Stock Options
2023-06-13+75,000→ 81,451 total→ Common Stock, no par value (75,000 underlying)
Holdings
- 1,747
Common Stock, no par value
- 1,167
Restricted Stock Units
→ Common Stock, no par value (1,167 underlying)
Footnotes (5)
- [F1]Mr. Habersetzer was granted 451 stock options with an exercise price of $7.99 on December 19, 2019. These stock options are fully vested and have an expiration date of December 19, 2029, subject to Mr. Habersetzer continuing to be an employee of the Company. Mr. Habersetzer was granted 1,000 stock options with an exercise price of $130.00 on September 1, 2020. These stock options are fully vested and have an expiration date of September 1, 2030, subject to Mr. Habersetzer continuing to be an employee of the Company. Mr. Habersetzer was granted 5,000 stock options with an exercise price of $65.00 on June 28, 2021. One twenty-fourth of the shares subject to this option vest each month and they have an expiration date of June 28, 2031, subject to Mr. Habersetzer continuing to be an employee of the Company.
- [F2]On June 13, 2023, Mr. Habersetzer was granted 75,000 stock options with an exercise price of $3.73. One half of the shares subject to this option shall vest upon the filing of the Company's next Form 10-K with the U.S. Securities and Exchange Commission, with the remainder to vest in equal proportions upon the first and second anniversary of said filing, subject to Mr. Habersetzer continuing to be an employee through such date. These stock options will have an expiration date of June 13, 2033.
- [F3]Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
- [F4]On May 26, 2022, Mr. Habersetzer was granted 1,750 shares of common stock pursuant to the 2020 Restricted Stock Plan, whereby 1/3 of the shares of common stock vest on each anniversary until May 26, 2025, contingent on Mr. Habersetzer's continued employment through each applicable vesting date.
- [F5]Represents the total number of unvested common stock granted to Mr. Habersetzer pursuant to the 2020 Restricted Stock Plan.
Documents
Issuer
Harbor Custom Development, Inc.
CIK 0001784567
Entity typeother
Related Parties
1- filerCIK 0001840252
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 1:17 PM ET
- Size
- 9.3 KB