Form 4: Lifeloc Technologies Director Exercises Stock Options
SEC Form 4 Filing
Michael Kornelsen, a director at Lifeloc Technologies, exercised stock options to acquire 1,000 shares of common stock at $3.80 per share on February 28, 2025.
Summary
- On February 28, 2025, Michael Kornelsen, a director of Lifeloc Technologies, Inc., exercised stock options.
- This transaction involved the acquisition of 1,000 shares of common stock at a price of $3.80 per share.
- Following the transaction, Kornelsen directly owns 1,000 shares.
- The stock options were granted on March 1, 2020, under the company's 2013 Stock Option Plan and were fully vested at the time of grant.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction of stock option exercise.
Industry Context
This is a routine disclosure of stock option exercise by a company insider, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2020 | Stock options were granted under the issuer's 2013 Stock Option Plan and were fully vested at the time of grant. |
| 02/28/2025 | Michael Kornelsen exercised stock options to acquire 1,000 shares of common stock at $3.80 per share. |
| 03/04/2025 | Date of signature of the report. |
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