Form 4: Omnitek Engineering Corp Director Gary Maier Reports Acquisition of Stock Options
SEC Form 4 Filing
Director Gary Maier reports the acquisition of stock options in Omnitek Engineering Corp.
Summary
- On April 25, 2024, Gary Maier, a director of Omnitek Engineering Corp, reported a transaction involving derivative securities.
- Maier acquired 50,000 stock options with an exercise price of $0.016, exercisable from April 25, 2024, and expiring on April 24, 2031.
- Following this transaction, Maier beneficially owns 350,000 derivative securities (stock options).
- Maier also directly owns 111,500 shares of common stock, and his spouse owns 10,000 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock option acquisition.
Positives
- The acquisition of stock options by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders.
Stakeholder Impact
- The acquisition of stock options by a director may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/11/2018 | Date exercisable for Stock Option with exercise price $0.07, expiring 01/10/2025 |
| 01/16/2019 | Date exercisable for Stock Option with exercise price $0.09, expiring 01/15/2026 |
| 03/27/2020 | Date exercisable for Stock Option with exercise price $0.06, expiring 03/26/2027 |
| 03/10/2021 | Date exercisable for Stock Option with exercise price $0.105, expiring 03/09/2028 |
| 04/18/2022 | Date exercisable for Stock Option with exercise price $0.0531, expiring 04/17/2029 |
| 04/18/2023 | Date exercisable for Stock Option with exercise price $0.0361, expiring 04/17/2030 |
| 02/09/2024 | Date exercisable and expiration date for Stock Option with exercise price $0.164 |
| 04/25/2024 | Date of transaction: Gary Maier acquired 50,000 stock options with an exercise price of $0.016, exercisable from April 25, 2024, and expiring on April 24, 2031. |
Keywords
Form 4, Stock Options, Director, Beneficial Ownership, OMTK, Omnitek Engineering Corp, Gary Maier
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