USBC, Inc. 8-K

What Happened
USBC, Inc. announced in a Form 8-K filed March 24, 2026 that on March 18, 2026 its Board approved the repricing of all outstanding stock options under the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan. A total of 83.0 million options were repriced, reducing the exercise price of each repriced option to $0.37 per share (the company’s closing stock price on March 18, 2026). The Board said the repricing is intended to motivate and retain optionees.

Key Details

• Total options repriced: 83.0 million options.
• New exercise price: $0.37 per share (closing price on March 18, 2026).
• Named optionees disclosed: Kitty Payne (Chief Financial Officer) — 3,750,000 options; Linda Jenkinson (Director, Vice Chair) — 10,000,000 options.
• Action taken under: Amended and Restated 2021 Equity Incentive Plan; disclosed on Form 8-K (filed March 24, 2026).

Why It Matters
Repricing reduces the strike price on a large number of stock options, which can make those awards more valuable to executives and directors and may improve retention and incentive alignment with shareholders. For investors, the change can affect potential future dilution if options are exercised and could influence executive compensation expense and incentive dynamics. The filing is a factual disclosure of the Board action; it does not include forecasts, departures, or other operational results.