---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007721"
form_type: "8-K"
ticker: "SRCO"
cik: "0000318299"
company_name: "SPARTA COMMERCIAL SERVICES, INC."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:43:56.139930+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sparta Commercial Services grants 2.69M stock options to CEO, VP, directors, employees

## Summary
- Grants five-year options for 2M shares to CEO Anthony Havens and VP Sandra Ahman at $0.14, vesting over 3 years.
- Grants 200,000 options each to two independent directors at same terms for past board service.
- Issues 290,000 non-qualified stock options to employees and consultants at $0.14, same vesting and term.
- Exercise price $0.14 is 110% of 30-day average closing price (min 100 shares traded per day).

## SEC filing metadata
- accession: 0001493152-24-007721
- form_type: 8-K
- ticker: SRCO
- cik: 0000318299
- company_name: SPARTA COMMERCIAL SERVICES, INC.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318299/000149315224007721/0001493152-24-007721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318299/000149315224007721/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007721
- JSON: https://secwatch.observer/filing/0001493152-24-007721.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007721.txt

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