secwatch.observer — SEC 8-K summary
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Issuer:     SPARTA COMMERCIAL SERVICES, INC. (SRCO)
CIK:        0000318299
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001493152-26-002927
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sparta Commercial grants 4.56M stock options to CEO, VP, directors, employees at $0.14
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318299/000149315226002927/0001493152-26-002927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318299/000149315226002927/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-002927

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