Deborah McDaniel-Hand - 22 Feb 2024 Form 4 Insider Report for SRM Entertainment, Inc. (SRM)

Role
VP of Production Development
Signature
/s/ Deborah McDaniel-Hand
Issuer symbol
SRM
Transactions as of
22 Feb 2024
Net transactions value
$0
Form type
4
Filing time
26 Feb 2024, 20:17:31 UTC
Previous filing
14 Aug 2023
Next filing
25 Jun 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRM Stock option (right to buy) Award $0 +100,000 $0.000000 100,000 22 Feb 2024 Common Stock 100,000 $1.20 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options ("Option" and collectively, "Options") have been issued from the Company's 2023 Equity Incentive Plan, that was approved by the Members of the Board of Directors on February 22, 2024.
F2 The Options will vest and become exercisable immediately, containing a cashless exercise provision. The first 80,000 Options shall be Incentive Stock Options and the remaining 20,000 Options shall be Non-Qualified Options.