Peter F. Longo - 11 Nov 2024 Form 4 Insider Report for HOUSTON AMERICAN ENERGY CORP (HUSA)

Role
CEO and President, Director
Signature
/s/ Peter Longo
Issuer symbol
HUSA
Transactions as of
11 Nov 2024
Net transactions value
$0
Form type
4
Filing time
22 Nov 2024, 20:09:24 UTC
Next filing
17 Dec 2024
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 HUSA Stock Option (right to buy) Award $0 +11,450 $0.000000 11,450 11 Nov 2024 Common Stock 11,450 $1.31 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 11, 2024, the reporting person received a monthly-grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.31 per share. Therefore, on November 11, 2024, 11,450.38 options were granted to the reporting person.
F2 The options were granted on November 11, 2024 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.