{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-002927","form_type":"8-K","ticker":"SRCO","cik":"0000318299","company_name":"SPARTA COMMERCIAL SERVICES, INC.","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.353415+00:00","generated_at":"2026-05-16T09:39:31.931938+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sparta Commercial grants 4.56M stock options to CEO, VP, directors, employees at $0.14","bullets":["CEO and VP granted options for 3,600,000 shares total at $0.14, vesting in three equal tranches over three years.","Two independent directors each receive options for 350,000 shares at $0.14, vesting over three years, for past board service.","Employees granted aggregate options for 260,000 shares at $0.14, same vesting schedule.","All options have five-year term; exercise price is 110% of 30-day average closing price with minimum volume condition.","Securities issued in private placement exempt under Section 4(a)(2) of the Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-002927","json":"https://secwatch.observer/filing/0001493152-26-002927.json","markdown":"https://secwatch.observer/filing/0001493152-26-002927.md","text":"https://secwatch.observer/filing/0001493152-26-002927.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318299/000149315226002927/0001493152-26-002927-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318299/000149315226002927/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:39:31.931938+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"}