1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Options (Right to Buy)
|
(1)
|
04/29/2026 |
Common Stock
|
2,500,000
|
$
0.004
|
D
|
|
Stock Options (Right to Buy)
|
(2)
|
11/25/2029 |
Common Stock
|
250,000
|
$
1.5
|
D
|
|
Stock Options (Right to Buy)
|
(3)
|
11/25/2029 |
Common Stock
|
250,000
|
$
1.5
|
D
|
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Mr. Horne was granted stock options to purchase 2,500,000 shares of Common Stock, which options are exercisable at an exercise price of $0.004 and are currently vested and exercisable. |
(2) |
Mr. Horne was granted stock options to purchase 250,000 shares of Common Stock, which options are exercisable at an exercise price of $1.50 per share, and vest ratably over thirty-six (36) months beginning on the date of grant. Of these options, 125,000 shares of Common Stock are vested and exercisable. |
(3) |
Mr. Horne was granted performance-based stock options to purchase 250,000 shares of Common Stock, which options are exercisable for a period of ten (10) years at an exercise price of $1.50 per share. Of these options, no shares of Common Stock are vested and exercisable. |