Kirk Chapman - 07 Oct 2025 Form 4 Insider Report for USBC, Inc. (KNW)

Reporting relationship: Chief Operating Officer
Issuer ticker: KNW
Reported as of: 07 Oct 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Oct 2025, 16:15:10 UTC
Prior SEC filing: 15 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ Kirk Chapman

Key filing fact

Kirk Chapman filed Form 4 for USBC, Inc. (KNW) on 09 Oct 2025.

Key facts

This page summarizes Kirk Chapman's Form 4 filing for USBC, Inc. (KNW).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 09 Oct 2025, 16:15.

Change

Previous filing in this sequence was filed on 15 Aug 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002080978 Primary reporting owner

Chapman Kirk

Relationship: Chief Operating Officer
Address: 300 E 2ND STREET, 15TH FLOOR, RENO
Signature: /s/ Kirk Chapman
Signature date: 09 Oct 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

USBC transaction Derivative

Option to Purchase Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -7,140,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 07 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,140,000
Exercise price: $2.45
Footnotes: F1

USBC transaction Derivative

Option to Purchase Common Stock

Award

Transaction value: $0
Shares: +7,140,000
Change %
Price: $0.000000
Shares after: 7,140,000
Date: 07 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,140,000
Exercise price: $1.10
Footnotes: F2

USBC transaction Derivative

Option to Purchase Common Stock

Award

Transaction value: $0
Shares: +7,860,000
Change %: +110%
Price: $0.000000
Shares after: 15,000,000
Date: 07 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,860,000
Exercise price: $1.10
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The transactions reported involved the repricing of outstanding stock options to purchase 7,140,000 shares of common stock of USBC, Inc. (the "Company") pursuant to the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the "Amended and Restated 2021 Plan"), initially granted on August 6, 2025 (the "Grant Date"). The option will vest as to 25% of the shares covered by the option on the one-year anniversary of the Grant Date and in quarterly installments thereafter over the next three years.

Footnote F2

On October 7, 2025, in accordance with the terms of the Amended and Restated 2021 Plan, the Board of Directors the Company approved a repricing of outstanding stock options granted on August 6, 2025. The exercise price of each repriced option was reduced from $2.45 to $1.10 per share.

Footnote F3

On October 7, 2025, the Reporting Person was granted an option to purchase 7,860,000 shares of the Issuer's common stock pursuant to the Amended and Restated 2021 Plan. The option will vest as to 25% of the shares covered by the option on the one-year anniversary of the Grant Date and in quarterly installments thereafter over the next three years.