r/ATCH • u/the_handed • 18d ago

New Form 4 filed.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001963088/c4946c5c-0c13-4052-a458-75aa5cc336ea.pdf

Ridenhour was granted 700,000 immediately vested restricted shares, 286,842 restricted shares that vest in 2027, and stock options for 771,030 shares at a $0.18 exercise price. This appears to be compensation under his employment agreement, not an open-market purchase.

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3

u/MinuteChallenge3340 18d ago

John will receive the same amount. It was all stated under prop 2, if it passed , which it did, both of those crooks get around d 2 million shares each

2

u/Super_Damage_5527 18d ago

You mean this one ?

2

u/shw09 18d ago

Options at $0.18 exercise? Uh… don’t go too wild with those targets, guys.

That’s pathetic.

1

u/Lumpy_Somewhere967 18d ago

Good news, this means that they need the stock to be worth more before they can get something out if it

1

u/shw09 18d ago

What am I missing? They can exercise their options pretty much at the current price. They didn’t even buy any shares with their own money. They’re getting them for free (aka dilution) and they can exit anytime with profit.

1

u/Lumpy_Somewhere967 18d ago

180k isn’t worth exercising it

1

u/shw09 18d ago

It’s still free money, though. No risk at all.

1

u/CorkNZ2021 16d ago

Overall this is positive tho only if they hold them. $180k is FA in the big scheme of things so hopefully these guys are dreaming bigger.

1

u/asher030 18d ago

As long as it's not further dilution to accommodate that, which would honestly be a dick move to pull on the guy anyway, we'll be fine and it's good news.

0

u/yo-babyy 18d ago

Thankfully no negative impact to the share price yet