Gordon Mark 4

What Happened

• Gordon Mark, CEO of Odyssey Marine Exploration, exercised options under the company's 2019 Stock Incentive Plan to acquire 150,000 OMEX shares on March 23, 2026. He paid $0.41 per share, a total cash outlay of $62,115.
• The filing also records a corresponding disposition of 150,000 derivative securities (the options) at $0.00, reflecting conversion of the options into common stock rather than a market sale.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-24 (timely).
• Exercise price paid: $0.41 per share; Shares acquired: 150,000; Total paid: $62,115.
• Disposition entry: 150,000 derivative securities recorded as disposed at $0.00 (represents conversion of the options).
• Footnote: F1 — Election to purchase common stock on March 23, 2026 under Odyssey’s 2019 Stock Incentive Plan.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was an option exercise (transaction code M), not an open-market sale — the CEO paid the exercise price to convert options into shares; there is no indication the acquired shares were immediately sold (i.e., not a cashless exercise).
• Exercises are often routine under incentive plans and do not by themselves indicate a change in outlook; they do increase insider share ownership.