Malloy Lavell Juan II 4

What Happened Malloy Lavell Juan II — Chairman, CEO and Director of Brag House Holdings, Inc. — was part of a corrective action on March 18, 2026 in which the company and he mutually cancelled outstanding stock option awards covering 570,778 underlying shares and issued 570,778 restricted stock units (RSUs) in their place. The Form 4 shows grant/award entries for 570,778 RSUs at $0.00 and related derivative entries reflecting the cancellation/conversion of the prior options. No cash was paid; the RSUs were issued under the company's 2024 Omnibus Incentive Plan and are reported as fully vested and immediately exercisable.

Key Details

• Transaction date: March 18, 2026. Form 4 filed March 25, 2026 (filed 7 days after the transaction — appears to be late; Form 4s are generally due within 2 business days).
• Reported entries: grant/award of 570,778 RSUs (code A) @ $0.00; expiration/conversion of a long derivative position (codes H and C) related to the cancelled options @ $0.00.
• Options cancelled: 347,222 options with $0.576 exercise price (expiring Mar 5, 2035) and 223,556 options with $1.00 exercise price (expiring Jul 18, 2030). Total underlying shares: 570,778.
• RSU terms: issued under the 2024 Omnibus Incentive Plan (footnote F2), fully vested and immediately exercisable; RSUs do not expire (footnote F4).
• Shares owned after the transaction: not reported on the Form 4.

Context This was a non‑cash, corrective exchange of previously granted stock options for RSUs — not an open‑market buy or sale. Because the RSUs are reported as fully vested and immediately exercisable, the reporting person effectively received the economic interest in 570,778 shares without a cash exercise; the Form 4 shows $0 as the acquisition price. Such administrative exchanges are generally procedural and should be interpreted cautiously by investors — they are not direct buy/sell signals.