{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-000696","form_type":"8-K","ticker":"SRCO","cik":"0000318299","company_name":"SPARTA COMMERCIAL SERVICES, INC.","filed_at":"2022-01-07T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.224730+00:00","generated_at":"2026-06-27T20:00:13.730747+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sparta Commercial converts $262k deferred salary to options; grants additional options to executives and directors","bullets":["CEO Havens converts $137,466 deferred salary into options for 1,718,322 shares at $0.08.","VP Ahman converts $125,000 deferred salary into options for 1,562,500 shares at $0.08.","Independent directors each granted 187,500 options at $0.08, vesting over 3 years.","CEO and VP granted aggregate 750,000 options at $0.08, vesting over 3 years.","All options have 5-year term; exercise price is 111% of 30-day volume-weighted average closing price."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-000696","json":"https://secwatch.observer/filing/0001493152-22-000696.json","markdown":"https://secwatch.observer/filing/0001493152-22-000696.md","text":"https://secwatch.observer/filing/0001493152-22-000696.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318299/000149315222000696/0001493152-22-000696-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318299/000149315222000696/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T20:00:13.730747+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}