other material
confidence high
sentiment neutral
materiality 0.50
Sparta Commercial Services grants 1.75M total stock options to executives and directors
SPARTA COMMERCIAL SERVICES, INC.
- CEO Anthony L Havens and VP Sandra L Ahman receive options for 1,350,000 shares aggregate at $0.18 per share.
- Each of two independent directors (Kristian Srb, Jeffrey Bean) gets options for 200,000 shares at $0.18 per share.
- All options vest in three equal tranches over three years, five-year term, 110% of 30-day VWAP.
- Options are compensation; issued under Section 4(a)(2) exemption from registration.