secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2026-07-02T20:02:56+00:00
Accession:  0001877939-26-000057
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Castellum extends CEO Glen Ives' contract to Dec 2027, grants 773,630 stock options
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- CEO Glen Ives' employment extended 18 months through Dec 31, 2027; base salary $375k, rising to $386,250 on July 1, 2027.
- Awarded 773,630 incentive stock options at $0.73 exercise price, vesting quarterly over extended term.
- Vesting accelerated on prior 500,000 option grant (exercise $1.07) to be fully vested by Dec 31, 2027.
- Eligible for annual cash incentive up to 25% of base salary based on performance thresholds; discretionary bonus up to 25%.
- Acquisition bonus up to 100% of base salary if net sales targets ($70M-$100M) met; committee may award discretionary acquisition bonus up to 50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000187793926000057/0001877939-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000187793926000057/ctm-20260701.htm
  HTML page:      https://secwatch.observer/filing/0001877939-26-000057

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