{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-036498","form_type":"8-K","ticker":"SRCO","cik":"0000318299","company_name":"SPARTA COMMERCIAL SERVICES, INC.","filed_at":"2022-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.145000+00:00","generated_at":"2026-06-20T23:42:25.874569+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sparta Commercial converts $200K insider debt to stock options; CEO, VP, Director receive 1.87M shares","bullets":["CEO Anthony Havens converts $100K deferred salary for options to purchase 934,579 shares at $0.107 strike.","VP Sandra Ahman converts $50K deferred salary for 467,290 options; Director Kristian Srb converts $50K debt for 467,290 options.","Options vest immediately, have five-year term; exercise price is 110% of 30-day VWAP ($0.107).","Issuance exempt under Section 4(a)(2) of Securities Act as private placement to insiders."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-036498","json":"https://secwatch.observer/filing/0001493152-22-036498.json","markdown":"https://secwatch.observer/filing/0001493152-22-036498.md","text":"https://secwatch.observer/filing/0001493152-22-036498.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318299/000149315222036498/0001493152-22-036498-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318299/000149315222036498/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T23:42:25.874569+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"}