John Michael Orobono Jr. - 07 Feb 2025 Form 3 Insider Report for TEN Holdings, Inc. (XHLD)

Role
Secretary, Chief Financial Officer and Director, Director
Signature
/s/ John Michael Orobono Jr.
Issuer symbol
XHLD
Transactions as of
07 Feb 2025
Net transactions value
$0
Form type
3
Filing time
10 Feb 2025, 11:06:12 UTC
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
holding XHLD Stock Options 07 Feb 2025 Common Stock 276,500 $0.4600 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In October 2024, TEN Holdings, Inc. (the Company) granted the reporting person options to purchase 276,500 shares of its common stock with an exercise price of $0.46 per share. The options will be subject to the following vesting terms: 25% will vest upon the completion of the Company's initial public offering, and the remaining 75% will have a one-year cliff, wherein 25% of the award will vest in October 2025 and the remaining award will thereafter vest in equal monthly installments, commencing November 2025 until October 2027, so that all the shares subject to the options shall vest by October 2027.

Remarks:

Secretary, Chief Financial Officer and Director