Form 4: Bespoke Extracts CEO Michael Feinsod Receives 300,000 Shares of Restricted Stock

Michael Feinsod, CEO of Bespoke Extracts, Inc., reports the acquisition of 300,000 shares of restricted stock on August 15, 2024.

Summary

• On August 15, 2024, Michael Feinsod, CEO of Bespoke Extracts, acquired 300,000 shares of common stock.
• These shares were granted as restricted stock under the Issuer's 2021 Equity Incentive Plan.
• The price of the acquired shares was $0.
• Following this transaction, Mr. Feinsod directly owns 2,453,112 shares.
• Of these, 1,438,000 shares are held directly by Mr. Feinsod, and 1,015,112 shares are held by Infinity Management, LLC, of which Mr. Feinsod is the managing member.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock ownership. It's neutral in tone and reflects standard executive compensation practices.

Positives

• The grant of restricted stock aligns the CEO's interests with those of the shareholders.
• The equity incentive plan is designed to motivate key personnel.

Industry Context

This type of equity grant is common in publicly traded companies to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants to CEOs are a standard practice across various industries to incentivize performance and align management's interests with shareholders.
• Comparable companies often use similar equity incentive plans to attract and retain top talent.
• The size of the grant is relative to the company's market capitalization and the CEO's compensation package.

Stakeholder Impact

• The grant of restricted stock could have a slightly dilutive effect on existing shareholders.
• The incentive plan aims to improve company performance, which would benefit all stakeholders.

Key Dates

Keywords

Bespoke Extracts, Michael Feinsod, restricted stock, equity incentive plan, Form 4, beneficial ownership, CEO, BSPK