Form 4: Omnitek CEO Funk Reports Ownership, Option Expiration
Insider Ownership Report
Omnitek Engineering Corp's CEO, CFO, and Secretary Werner Funk filed a Form 4 detailing his beneficial ownership of common stock and the expiration of certain stock options.
Summary
- Werner Funk, who serves as CEO, CFO, Secretary, Director, and 10% Owner of Omnitek Engineering Corp (OMTK), filed a Statement of Changes in Beneficial Ownership.
- Funk directly holds 8,386,932 shares of Omnitek Engineering Corp Common Stock.
- A stock option for 50,000 shares with an exercise price of $0.099 expired on January 15, 2026.
- Following this expiration, Funk beneficially owns 850,000 derivative securities, which are stock options with various exercise prices and future expiration dates.
Sentiment
Score: 5
Explanation: A routine insider ownership filing (Form 4) with no significant positive or negative operational or financial news. It primarily provides transparency on executive holdings and a scheduled option expiration.
Positives
- Werner Funk maintains a significant direct beneficial ownership of 8,386,932 shares of Common Stock, indicating strong alignment with shareholder interests.
- Funk continues to hold 850,000 stock options, providing ongoing incentive for future company performance.
Negatives
- A stock option for 50,000 shares with an exercise price of $0.099 expired on January 15, 2026, which represents a reduction in potential future equity ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership of common stock and derivative securities by a key executive and 10% owner, Werner Funk.
Key Dates
| Date | Description |
|---|---|
| 01/16/2019 | Date exercisable for a 50,000 share stock option with an exercise price of $0.099 (expired 01/15/2026). |
| 03/27/2020 | Date exercisable for a 50,000 share stock option with an exercise price of $0.066. |
| 03/10/2021 | Date exercisable for a 300,000 share stock option with an exercise price of $0.1155. |
| 04/18/2022 | Date exercisable for a 50,000 share stock option with an exercise price of $0.0584. |
| 04/18/2023 | Date exercisable for a 50,000 share stock option with an exercise price of $0.0397. |
| 04/25/2024 | Date exercisable for a 50,000 share stock option with an exercise price of $0.18. |
| 05/03/2024 | Date exercisable for a 300,000 share stock option with an exercise price of $0.015. |
| 04/24/2025 | Date exercisable for a 50,000 share stock option with an exercise price of $0.022. |
| 01/15/2026 | Earliest transaction date reported; expiration date for a 50,000 share stock option. |
| 01/28/2026 | Signature date of the reporting person (filing date). |
| 03/26/2027 | Expiration date for a 50,000 share stock option with an exercise price of $0.066. |
| 03/09/2028 | Expiration date for a 300,000 share stock option with an exercise price of $0.1155. |
| 04/17/2029 | Expiration date for a 50,000 share stock option with an exercise price of $0.0584. |
| 04/17/2030 | Expiration date for a 50,000 share stock option with an exercise price of $0.0397. |
| 04/24/2031 | Expiration date for a 50,000 share stock option with an exercise price of $0.18. |
| 05/02/2031 | Expiration date for a 300,000 share stock option with an exercise price of $0.015. |
| 04/24/2032 | Expiration date for a 50,000 share stock option with an exercise price of $0.022. |
Keywords
Omnitek Engineering Corp, OMTK, Werner Funk, Form 4, Insider Ownership, Stock Options, Beneficial Ownership, CEO, CFO, Director
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