Form 4: VirTra Director Jeffrey Brown Exercises Stock Options
SEC Form 4 Filing
Director Jeffrey Brown exercised stock options to acquire 2,500 shares of VirTra, Inc. common stock at $5.20 per share.
Summary
- On March 21, 2024, Jeffrey Dale Brown, a director of VirTra, Inc., exercised non-qualified stock options.
- This transaction involved the acquisition of 2,500 shares of common stock at a price of $5.20 per share.
- The exercised options were granted on April 1, 2017, with an exercise price of $4.30 per share and expired on April 1, 2024.
- Following the transaction, Mr. Brown directly owns 46,693 shares of VirTra, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock option exercise by a director.
Industry Context
This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. It's a routine part of corporate governance and provides transparency into the trading activities of company directors.
Stakeholder Impact
- The exercise of stock options by a director can be perceived as a positive signal, indicating confidence in the company's future performance, but the impact is generally minimal.
Key Dates
| Date | Description |
|---|---|
| 04/01/2017 | Date the non-qualified stock options were granted to Jeffrey Brown. |
| 04/01/2024 | Expiration date of the stock options. |
| 03/21/2024 | Date of the stock option exercise. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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