---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-004302"
form_type: "8-K"
ticker: "SRCO"
cik: "0000318299"
company_name: "SPARTA COMMERCIAL SERVICES, INC."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:34:01.228235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sparta Commercial Services grants 1.75M total stock options to executives and directors

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-004302
- form_type: 8-K
- ticker: SRCO
- cik: 0000318299
- company_name: SPARTA COMMERCIAL SERVICES, INC.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318299/000149315223004302/0001493152-23-004302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318299/000149315223004302/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-004302
- JSON: https://secwatch.observer/filing/0001493152-23-004302.json
- Plain text: https://secwatch.observer/filing/0001493152-23-004302.txt

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