December 31, 2025 · Form 4 insider transaction
CODE KENNETH REAY bought 54,803 shares of BLGO at $0.18 per share, a transaction worth $10.1K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
The shares issued are subject to a Lock-Up Agreement dated as of the issuance date whereby shares are locked-up and restricted from sale until the Issuer reports gross revenue of at least $40 million on a consolidated basis for any reported period (e.g, quarter or annual), or the Issuer's market capitalization exceeds $300 million, or there is a "change in control" in the Issuer.; Shares received from Issuer in exchange for a reduction in amounts owed by Issuer to Reporting Person for salary and unreimbursed business expenses (equal to the product of the number of shares and acquisition price per share).; Aggregate total shares includes 22,139,012 shares owned indirectly by Reporting Person through a wholly owned corporation.