Zalko Adam 4

What Happened

• Adam Zalko, Chief Operating Officer of Intelligent Protection Management Corp. (IPM), received a grant of 20,000 stock options on March 20, 2026. The Form 4 reports the derivative transaction as 20,000 shares @ $0.00 (code A — Award/Grant). The filing does not state an exercise price or immediate cash value for the grant.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within required 2 business days).
• Reported amount: 20,000 stock options (derivative security); transaction price shown as $0.00 in the filing.
• Shares owned after the transaction: not specified in this Form 4.
• Vesting: options vest in four substantially equal installments on each of the first four anniversaries of the grant date (i.e., ~25% per year), subject to continued service.
• Acceleration: if a "change in control" occurs (per the 2025 Long-Term Incentive Plan), 100% of then-unvested shares will immediately vest.
• Transaction code: A = Award/Grant (derivative).

Context

• This was an option grant (award), not a purchase or sale — it does not represent immediate ownership of common stock or an immediate cash inflow. The recipient must wait for vesting and then exercise the options (if exercisable) to obtain shares.
• Grants are common for executive compensation and signal alignment with long-term performance but do not by themselves indicate a buy/sell signal.