Riddell Elaine J. 4

What Happened
Elaine J. Riddell, a director of Bright Mountain Media, was granted 100,000 derivative shares (reported as an award/stock option) on February 26, 2026. The Form 4 shows a transaction price of $0.00, meaning no cash was paid at grant. The award is described as stock options that vest and become exercisable on December 31, 2026.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02). Filing appears timely (within two business days).
• Amount: 100,000 shares (derivative — option grant), Transaction code: A (award/grant).
• Reported price: $0.00 (no cash paid at grant).
• Vesting: Options vest and become exercisable on December 31, 2026.
• Special condition: If the reporting person resigns as a director without cause during 2026, the number of shares underlying the option will be prorated through the resignation date and will vest on that date (footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This is a compensation-related grant to a board member, not an open-market purchase or sale. Derivative awards like options create the potential for future share ownership once vesting and any exercise conditions are met; they do not represent immediate share turnover. Such grants are commonly used for director compensation or retention and should be interpreted differently than outright purchases or sales.