8-K - USBC, Inc. | StockGist

AI Analysis

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On March 18, 2026, the Board of USBC, Inc. approved the repricing of 83.0 million outstanding stock options to $0.37 per share under the Amended and Restated 2021 Equity Incentive Plan to motivate and retain optionees. This included options held by CFO Kitty Payne (3,750,000 shares) and Director Linda Jenkinson (10,000,000 shares).

Key Takeaways

1Repricing of 83.0 million outstanding stock options approved on March 18, 2026.

2Exercise price reduced to $0.37 per share, the closing price on March 18, 2026.

3Kitty Payne, Chief Financial Officer, had 3,750,000 options repriced.

4Linda Jenkinson, Director and Vice Chair, had 10,000,000 options repriced.

5Conducted under Amended and Restated USBC, Inc. 2021 Equity Incentive Plan.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Option Repr

Management Change

9.01

. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNAT

Exhibits Only

Executive & Director Changes

Kitty Payne

Chief Financial Officer

stock options repriced

Effective: 2026-03-18

Linda Jenkinson

Director, Vice Chair

stock options repriced

Effective: 2026-03-18

Exhibits (1)

8-K