Form 4: Houston American Energy Corp Director Acquires Stock Options
SEC Form 4
Director James A. Schoonover acquired 20,000 stock options in Houston American Energy Corp on June 20, 2024.
Summary
- James A. Schoonover, a director of Houston American Energy Corp, reported the acquisition of 20,000 stock options on June 20, 2024.
- The options have an exercise price of $1.21.
- The options become exercisable six months from the grant date and expire on June 20, 2034.
- The options vest 20% on the grant date and 80% nine months from the grant date.
- Schoonover directly owns 172,976 shares of common stock.
- Schoonover also holds various other stock options and warrants with different exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock option acquisition. The director's action could be seen as a positive signal, but it's not definitive.
Positives
- Director's acquisition of stock options may signal confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects, although they don't always predict future performance.
Stakeholder Impact
- The acquisition of stock options by a director could potentially boost investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/13/2018 | Date exercisable for stock options with an exercise price of $3.338 and expiration date of 04/13/2028 |
| 12/05/2018 | Date exercisable for stock options with an exercise price of $3.031 and expiration date of 06/05/2028 |
| 09/18/2019 | Date exercisable for warrants with an exercise price of $2.463 and expiration date of 09/18/2029 |
| 06/13/2020 | Date exercisable for stock options with an exercise price of $2.706 and expiration date of 06/13/2029 |
| 11/11/2020 | Date exercisable for stock options with an exercise price of $1.45 and expiration date of 11/10/2030 |
| 01/22/2022 | Date exercisable for stock options with an exercise price of $1.77 and expiration date of 07/22/2031 |
| 04/20/2023 | Date exercisable for stock options with an exercise price of $3.91 and expiration date of 09/20/2032 |
| 12/27/2023 | Date exercisable for stock options with an exercise price of $2.09 and expiration date of 06/27/2033 |
| 06/20/2024 | Date of transaction: Director acquired 20,000 stock options with an exercise price of $1.21 and expiration date of 06/20/2034 |
| 12/20/2024 | Options are exercisable six months from the date of grant. |
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