Form 4: CleanCore Solutions Officer Hollst Forfeits Stock Options
SEC Form 4 Filing
Gary Gilbert Hollst, Chief Revenue Officer of CleanCore Solutions, forfeited stock options for 175,000 shares of Class B common stock on May 6, 2025.
Summary
- Gary Gilbert Hollst, the Chief Revenue Officer of CleanCore Solutions, Inc., reported changes in beneficial ownership on May 7, 2025.
- On May 6, 2025, Hollst forfeited stock options for 175,000 shares of Class B common stock.
- This forfeiture was due to a prior agreement where restricted stock units were granted, intended to replace the stock options.
- Hollst also acquired 7,903 shares of Class B Common Stock at $0, increasing his holdings to 93,319 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.
Negatives
- Hollst forfeited stock options for 175,000 shares of Class B common stock.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The forfeiture of stock options and acquisition of shares may have a minor impact on shareholder equity.
Key Dates
| Date | Description |
|---|---|
| 02/21/2023 | Reporting Person received a stock option for the purchase of 175,000 shares of class B common stock as partial compensation. |
| 01/01/2025 | Reporting Person entered into a new employment agreement, pursuant to which the Reporting Person was also granted an award of 200,000 restricted stock units. |
| 05/06/2025 | The parties entered into a letter agreement to terminate the stock option and the shares of class B common stock that have previously vested pursuant to the stock option. |
| 05/06/2025 | Transaction Date: Hollst acquired 7,903 shares of Class B Common Stock. |
| 05/07/2025 | Date of report. |
Keywords
CleanCore Solutions, Form 4, Beneficial Ownership, Stock Options, Gary Gilbert Hollst, Chief Revenue Officer, Class B Common Stock, Forfeiture, Restricted Stock Units
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