Form 4: Eightco Holdings Director Louis Foreman Receives Stock Options and Restricted Shares

Director Louis Foreman received 42,500 restricted shares and 100,000 stock options from Eightco Holdings on March 17, 2024, as compensation for services.

Summary

• On March 17, 2024, Louis Foreman, a director of Eightco Holdings Inc., received 42,500 restricted shares of common stock.
• These shares were granted under the Issuer's 2022 Long-Term Incentive Plan as compensation for his services on the Board of Directors for the calendar year 2024.
• The restricted shares fully vested on the date of grant.
• Foreman also received 100,000 stock options with an exercise price of $0.82, which also fully vested on the date of grant.
• These options were also issued under the 2022 Long-Term Incentive Plan and expire on March 17, 2029.
• Following these transactions, Foreman directly owns 129,332 shares of common stock and 100,000 stock options.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of director compensation. It's neutral in tone and doesn't indicate any significant positive or negative developments for the company.

Positives

• The grant of restricted shares and stock options aligns the director's interests with those of the shareholders.
• The vesting of the shares and options on the grant date provides immediate incentive for the director's continued service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The grant of equity to a director can align their interests with those of shareholders, potentially leading to better decision-making.

Key Dates

Keywords

Eightco Holdings, Louis Foreman, restricted shares, stock options, director compensation, Form 4, OCTO, beneficial ownership, 2022 Long-Term Incentive Plan