secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-10-08T23:59:59+00:00
Accession:  0001161697-25-000354
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000116169725000354/0001161697-25-000354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000116169725000354/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-25-000354

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