---
schema_version: "secwatch.filing_event.v1"
accession: "0001161697-25-000354"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2025-10-08T23:59:59+00:00"
generated_at: "2026-05-17T04:17:37.346446+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# USBC reprices 48.6M options to $1.10, grants 55M new options to execs

## Summary
- Board repriced 48,620,000 outstanding options from $2.45 to $1.10 per share on Oct 7.
- Granted 55,030,000 new ten-year options at $1.10, vesting over four years.
- CFO Kitty Payne had 1,790,000 options repriced and received 1,960,000 new options.
- COO Kirk Chapman had 7,140,000 options repriced and received 7,860,000 new options.
- Director Linda Jenkinson had 4,760,000 options repriced and received 5,240,000 new options.

## SEC filing metadata
- accession: 0001161697-25-000354
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2025-10-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000116169725000354/0001161697-25-000354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000116169725000354/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-25-000354
- JSON: https://secwatch.observer/filing/0001161697-25-000354.json
- Plain text: https://secwatch.observer/filing/0001161697-25-000354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.