Form 4: Castellum Director Bernard S. Champoux Receives Stock Options as Compensation

Director Bernard S. Champoux received 250,000 stock options as compensation for his service on the Board of Directors of Castellum, Inc.

Summary

• Bernard S. Champoux, a director of Castellum, Inc., received 250,000 stock options on July 1, 2024, as compensation for his service as an independent member of the Board of Directors.
• The stock options were granted pursuant to the terms of the Castellum, Inc. Amended 2021 Stock Incentive Plan.
• The options have an exercise price of $0.212 and vest quarterly over a one-year period.
• The options expire on June 30, 2031.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports the granting of stock options, a common practice for director compensation.

Positives

• Granting stock options to directors can align their interests with those of shareholders.

Industry Context

Stock options are a common form of compensation for directors, especially in smaller companies, to conserve cash and align director incentives with shareholder value.

Stakeholder Impact

• The granting of stock options could potentially dilute existing shareholders if the options are exercised.

Key Dates