Form 4: Surge Components Director Lawrence Chariton Acquires 30,000 Stock Options

Surge Components Inc. Director and 10% Owner Lawrence Chariton reported the acquisition of 30,000 stock options exercisable at $2.20 per share, effective May 22, 2025.

Summary

• Lawrence Chariton, a Director and 10% Owner of Surge Components Inc. (SPRS), acquired 30,000 derivative securities in the form of stock options.
• The transaction date for this acquisition was May 22, 2025.
• Each stock option has an exercise price of $2.20.
• The options become exercisable on May 22, 2025, and have an expiration date of May 22, 2030.
• Upon exercise, each option represents the right to acquire one share of Surge Components Inc. Common Stock.
• Following this reported transaction, Mr. Chariton beneficially owns 30,000 derivative securities directly.

Sentiment

Score: 7

Explanation: The acquisition of stock options by a director and 10% owner is generally viewed positively as it aligns management's interests with shareholders and indicates confidence in the company's future prospects, particularly if the exercise price is above the current market price.

Positives

• The acquisition of stock options by a director and 10% owner can signal management's confidence in the company's future performance and alignment of interests with shareholders.
• The options are exercisable at $2.20, providing a clear incentive for the director to contribute to the company's stock price appreciation above this level.

Future Outlook

This Form 4 filing reports a past transaction and does not contain explicit forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard SEC Form 4, which is used to report changes in beneficial ownership of securities by company insiders. It reflects an individual insider's equity compensation or investment activity rather than broader industry trends or competitive positioning.

Related Party Transactions

• The acquisition of stock options by a director from the company can be considered a related party transaction, typically as part of an approved equity compensation plan.

Stakeholder Impact

• Shareholders may view this insider acquisition as a positive signal, potentially increasing confidence in the company's future performance.
• The compensation structure aligns the director's financial incentives with the long-term value creation for shareholders.

Next Steps

• Lawrence Chariton may choose to exercise these options at any time between May 22, 2025, and May 22, 2030, assuming the stock price is favorable.

Key Dates

Keywords

Surge Components, SPRS, Form 4, Insider Transaction, Stock Options, Beneficial Ownership, Director, Lawrence Chariton, Equity Compensation