BIOLARGO, INC.'s Chief Financial Officer was just granted 332,500 options

Charles K Dargan, BIOLARGO, INC.'s Chief Financial Officer, just received 332,500 options from the company. The strike prices of the options received ranged from $0.17 to $0.18, and these expire on dates ranging from March 18, 2031 to May 21, 2031. Dargan now owns at least 10,914,500 options on the company.

Some additional info was provided as follows:


This amount reflects, in addition to the reported option grant, the expiration, during the first quarter of 2021, of options to purchase an an aggregate 130,000 shares of common stock.
The Option is exercisable according to its vesting schedule: (i) 25,000 shares vested as of March 18, 2021, and then (ii) in equal monthly installments of 25,000 shares beginning April 18, 2021, so long as the Engagement Exten sion Agreement dated March 18, 2021, between Reporting Owner and Issuer, remains in force and effect.
This Option was issued to the Reporting Person as compensation to serve as Issuer's Chief Financial Officer from January 31, 2021, through January 31, 2022.
This Option was granted to Reporting Person to replace an option to purchase 10,000 shares that had been issued approximately 10 years ago to compensate Reporting Person for services to the Issuer and had recently expired unexercised due to a discrepancy between the original exercise price and current Issuer stock price, pursuant to plan adopted by the Issuer's Compensation Committee.
This Option was granted to Reporting Person to replace an option to purchase 120,000 shares that had been issued approximately 10 years ago to compensate Reporting Person for services to the Issuer and had recently expired unexercised due to a discrepancy between the original exercise price and current Issuer stock price, pursuant to plan adopted by the Issuer's Compensation Committee.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever BIOLARGO, INC. makes a similar move, sign up!

Other recent filings from the company include the following:

Major owner of BIOLARGO, INC. just picked up 61,842 shares - Oct. 6, 2021
BIOLARGO, INC. director was just granted 98,684 options - Oct. 5, 2021
BIOLARGO, INC. director was just granted 98,684 options - Oct. 5, 2021
BIOLARGO, INC. director was just granted 78,947 options - Oct. 5, 2021
BIOLARGO, INC. director was just granted 78,947 options - Oct. 5, 2021

Auto Refresh

Feedback