Form 4: Limitless X Holdings COO Receives Stock and Options Grant

Danielle Young, Chief Operating Officer of Limitless X Holdings, was granted 150,000 restricted shares and options to purchase 75,000 shares.

Summary

• Danielle Young, the Chief Operating Officer of Limitless X Holdings, has reported a change in her beneficial ownership of the company's stock.
• On January 29, 2025, she was granted 150,000 restricted shares of common stock with a par value of $0.001 per share.
• Additionally, she received stock options to purchase 75,000 shares of common stock at an exercise price of $0.52 per share.
• The stock options are exercisable starting January 29, 2025, and expire on January 29, 2030.
• Following these transactions, Ms. Young directly owns 295,833 shares of common stock and options for 75,000 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock and options to the COO aligns her interests with the company's performance and shareholder value.
• The vesting of the options over time encourages long-term commitment from the COO.

Industry Context

This type of stock and option grant is a common practice for incentivizing executives in publicly traded companies.

Comparison to Industry Standards

• Stock option grants are a standard form of compensation for executives in publicly traded companies, similar to practices at companies like Tesla (TSLA) and Apple (AAPL).
• The vesting schedule and exercise price are typical for executive compensation packages, aligning with industry norms seen in companies like Microsoft (MSFT) and Amazon (AMZN).
• The size of the grant, 150,000 restricted shares and options for 75,000 shares, is within the range of what is seen for a COO role in a company of similar size and stage of development as Limitless X Holdings.

Stakeholder Impact

• The stock and option grant may be viewed positively by shareholders as it incentivizes the COO to improve company performance.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

stock options, restricted stock, beneficial ownership, insider trading, executive compensation, Limitless X Holdings, LIMX