secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001074828-26-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USBC reprices 83M outstanding stock options to $0.37; includes CFO and Vice Chair holdings
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- Board approved repricing of all 83.0 million outstanding options to $0.37 per share (closing price on March 18, 2026).
- CFO Kitty Payne had 3,750,000 options repriced; Director/Vice Chair Linda Jenkinson had 10,000,000 options repriced.
- Repricing effective March 18, 2026; intended to motivate and retain optionees.
- Options were repriced under the Amended and Restated 2021 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000107482826000005/0001074828-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000107482826000005/usbc-20260318.htm
  HTML page:      https://secwatch.observer/filing/0001074828-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer