Leibovich Daniel 4

What Happened
Daniel Leibovich, Chief Operating Officer of Brag House Holdings, was issued 570,778 restricted stock units (RSUs) on March 18, 2026. The RSUs were issued at $0.00 per share as a corrective exchange: the company and Mr. Leibovich mutually cancelled outstanding stock options covering 570,778 shares and issued an equal number of RSUs in their place. No cash changed hands in the exchange.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 25, 2026 (filed seven days after the transaction).
• Reported consideration: $0.00 per share (RSUs issued, not a cash purchase).
• Shares/units involved: 570,778 RSUs issued in exchange for cancellation of 570,778 stock options.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • The board approved cancellation of all outstanding stock options held by the reporting person and issuance of 570,778 RSUs in lieu (Footnote F1).
  • RSUs were issued under the Company’s 2024 Omnibus Incentive Plan and are fully vested and immediately exercisable (F2).
  • The cancelled options consisted of 347,222 options with a $0.576 exercise price (expiring March 5, 2035) and 223,556 options with a $1.00 exercise price (expiring July 18, 2030) (F3).
  • RSUs do not expire; they vest or are canceled prior to vesting date (F4).
• Filing timeliness: The Form 4 was filed on March 25, 2026 for a March 18 transaction, which is later than the typical two-business-day Form 4 deadline.

Context
This was not a market purchase or sale — it was a corrective exchange converting outstanding stock options into RSUs. Because the RSUs are fully vested and immediately exercisable, the reporting person can obtain the underlying shares without additional exercise payments. The filing does not indicate any immediate sale of shares; the action primarily reflects a change in the form of equity compensation.