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

Role
VP of Production Development
Signature
/s/ Deborah McDaniel-Hand
Stock symbol
SRM
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 08:17 PM
Previous filing
Aug 14, 2023

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 +100K $0.00 100K Feb 22, 2024 Common Stock 100K $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.