secwatch.observer — SEC 8-K summary
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Issuer:     SPARTA COMMERCIAL SERVICES, INC. (SRCO)
CIK:        0000318299
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001493152-25-005445
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sparta Commercial Services grants options for 3.82M shares at $0.18 to CEO, VP, directors, employees
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- CEO Anthony Havens and VP Sandra Ahman receive aggregate options for 3,000,000 shares.
- Each independent director receives options for 300,000 shares.
- Employees receive aggregate options for 220,000 shares.
- All options have $0.18 exercise price, 5-year term, vest equally over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318299/000149315225005445/0001493152-25-005445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318299/000149315225005445/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005445

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer